Building Financial Literacy for Us All

From Financial Literacy Month in April and throughout the year, we strive to build literacy through education.

As important as money and credit are, high schools and colleges don’t teach us all how to become financially literate and successful. That’s why government and nonprofit organizations throughout the country have joined forces to create financial literacy programs.

While that’s a year-round pursuit for Consolidated Credit, it culminates with National Financial Literacy Month each April. For 2014, we’ve created 20 questions that cover the basics you need master to become a financial success story.

Each weekday in April, we’ll present a new question on the homepage of our website. If you can answer the question, you’re off to a good start in that particular part of your financial outlook. If you can’t, you may want to take some time to build your knowledge on that subject. We even provide a tip to get you started.

You can find past questions from previous days below if you miss anything. By the end of April, you’ll have a solid foundation of understanding that should help you avoid problems and reach your financial goals.

One extra tip to pay it forward: Start your kids off right and help them get the right financial education early! Review our flash cards each day with your kids to see if they can answer the questions, too. If not, we offer a wide range of resources to help kids get a head start.

1) How much money should you put into savings every month?

a)
b)
c)
d)

2) What are the 5 factors that add up to make your credit score?

a)
b)
c)
d)

3) What's the most income you should use on monthly credit card payments?

a)
b)
c)
d)

4) What's the maximum debt-to-income ratio you should have to maintain financial stability?

a)
b)
c)
d)

5) How often can you check your credit report for free?

a)
b)
c)
d)

6) How much money do you need for a down payment on a traditional mortgage?

a)
b)
c)
d)

7) What does APR stand for?

a)
b)
c)
d)

8) How is net worth calculated?

a)
b)
c)
d)

9) How soon should you check your credit prior to a major purchase?

a)
b)
c)
d)

10) How many payments you have to make before penalty APR can be removed?

a)
b)
c)
d)

11) What are the 5 C's of credit worthiness?

a)
b)
c)
d)

12) What are the three types of expenses in your budget?

a)
b)
c)
d)

13) What kind of credit card can you get with bad credit or no credit score?

a)
b)
c)
d)

14) What federal law protects your rights from abusive collection tactics?

a)
b)
c)
d)

15) How long does it take for an account to go to collections?

a)
b)
c)
d)

16) What are the names of the three big credit bureaus in the U.S.?

a)
b)
c)
d)

17) What are the two types of personal bankruptcy filings you can make?

a)
b)
c)
d)

18) How long do credit inquiries affect your credit score?

a)
b)
c)
d)

19) What's the retirement plan that you get through your employer called?

a)
b)
c)
d)

20) What debts cannot be discharged by bankruptcy?

a)
b)
c)
d)

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

All Consolidated Credit counselors are certified personal financial counselors (CFC) We've helped 5 million people get out of debt! Call us today and see what we can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

Consolidated Credit Consulting Services, Inc. has been verified as the owner or operator of the Web site located at www.consolidatedcredit.org. Official records confirm Consolidated Credit Consulting Services, Inc. as a valid business. Call us today and see what we can do for you.

Consolidated Credit is a Certified ISO 9001 company, as verified through Bureau Veritas Certification.

Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

Consolidated Credit is proud to be an ANAB accredited member. Accreditation by a recognized and respected body such as ANAB ensures the impartiality and competence of our company. To see what we can do for you, give us a call.

U.S. Department of Housing and Urban Development - HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. Consolidated Credit is proud to be a member of HUD and also part of the Hope Now Alliance.

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