Tools_divider.pdf 1 6/9/13 9:09 PM. Keys to Your Financial Future. Tools

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1 Tools_divider.pdf 1 6/9/13 9:09 PM Keys to Your Financial Future Tools

2 Tools_divider.pdf 2 6/9/13 9:09 PM

3 CreditSimulation_divider.pdf 1 6/14/13 1:16 PM Credit Score Simulation

4 CreditSimulation_divider.pdf 2 6/14/13 1:16 PM

5 Because of the loss of a job, you have run your two credit cards up to their credit limits during the past two months. Credit Score Impact: - 60 (These are estimated credit score impacts.) You continue to struggle to make ends meet. You miss payments on your credit cards and they are still nearly maxed out. You are also late with your student loan payment and rent payment. Credit Score Impact: - 60 (These are estimated credit score impacts.) You find another job. You start making payments on your credit cards and bring your rent current. You bring the balances down to 30% of the available credit limit within three months. Credit Score Impact: + 40 (These are estimated credit score impacts.) You decide it is time to get a new car. You go auto loan shopping over the next few weeks resulting in several inquiries to your credit reports. Credit Score Impact: 0 during the time you are shopping. -8 the following reporting period. (These are estimated credit score impacts.) While purchasing groceries at Super Target, you are offered 15% off of your total if you apply for a Target credit card today. You do! Credit Score Impact: - 8 (These are estimated credit score impacts.) You just had a birthday. You re now 23 years old. Credit Score Impact: 0 (These are estimated credit score impacts.) Your car breaks down. With no emergency savings, you max out one of your credit cards again. Credit Score Impact: - 60 (These are estimated credit score impacts.) You want to make sure you are not overlooking any debts, so you pull your credit reports. Credit Score Impact: 0 (These are estimated credit score impacts.) You steadily pay down your credit card balances while staying current on all of your other accounts (auto loan payment, student loans). Credit Score Impact: + 40 (These are estimated credit score impacts.) After reviewing your credit report, you decide to close the first credit card you opened since you don t use it any more. Credit Score Impact: - 15 (These are estimated credit score impacts.)

6 You miss a $175 medical bill you thought it was an explanation of benefits statement. It is several months past due. Credit Score Impact: - 30 (These are estimated credit score impacts.) You take on another job to help pay down your debts. With the new schedule, you miss payment on your student loan for two months. Credit Score Impact: - 50 (These are estimated credit score impacts.) Realizing your error, you immediately pay the two months you missed and pay all of your other bills on time. Credit Score Impact: + 20 (These are estimated credit score impacts.) You co-signed for your best friend s automobile loan. She is 60 days late with her payment. Credit Score Impact: - 60 (These are estimated credit score impacts.) Your friend catches up on her auto loan payment and you continue to steadily pay down your credit card balances while staying current on all of your other accounts (mortgage, auto loan payment, student loans). Credit Score Impact: + 30 (These are estimated credit score impacts.)

7 Deit-credit_divider.pdf 1 6/9/13 9:56 PM Debit, Credit, ATM Exercise

8 Deit-credit_divider.pdf 2 6/9/13 9:56 PM

9 CREDIT CARD

10 ATM

11 DEBIT CARD

12 Money comes from your checking account or savings account.

13 Money comes from your checking or savings account.

14 Money is borrowed.

15 If card is lost or stolen, liability limited to $50 if reported.

16 If card is lost or stolen, liability limited to $50 if bank notified within 2 days, $500 if reported within 2 60 days, unlimited if reported past 60 days.

17 If card is lost or stolen, liability limited to $50 if bank notified within 2 days, $500 if reported within 2 60 days, unlimited if reported past 60 days.

18 Spending more than you have.

19 A convenient alternative to carrying and paying with cash.

20 A way to access your cash before or after banking hours.

21 Can go over the amount you have with overdraft protection. You will pay interest and fees for this service.

22 Can t take out more than you have.

23 Can borrow more than your credit limit with over the limit option. This service will cost you fees and possible interest.

24 Can use this product to build your credit history and score.

25 Use of this product does not build your credit history or score.

26 Use of this product does not build your credit history or score.

27 If you are unhappy with a service or product, the issuing bank can withhold payment and dispute charges.

28 Since money goes directly from your account to the merchant, you are generally negotiating for a refund if unsatisfied with a purchase.

29 Cannot make a purchase directly from a merchant.

30 Has a VISA or Mastercard or other credit card service logo on the front.

31 Has a VISA or Mastercard or other credit card service logo on the front.

32 Does not have a VISA or Mastercard or other credit card service logo on the front.

33 A swipe for a purchase may cause an approving merchant to hold money until the transaction has cleared.

34 Costs retailer more when you use this because of interchange fees.