CREDIT SCORES

AND COVID-19

Sarah Scruggs, Community Engagement Specialist

Migdalia Gomez, Community Engagement Manager

75%

76%

TODAY’S

WEBINAR Reducing background noise

Using the “Questions” feature

Format

Presentation and Resources

HUECU.ORG/WORKSHOPS

HOW CREDIT

WORKS

Collect financial

information from:

Provide credit

information on

individual consumers

Creditors, lenders, utilities,

debt collection agencies, the

courts, amongst other sources.

Three major U.S.

credit bureaus:

CREDIT

BUREAUS

ANNUALCREDITREPORT.COMReceive a free weekly copy of report from each of 3 bureaus until

April 2021.

DISPUTING ERRORS

Visit consumer.ftc.gov for sample letters.

1. Contact credit bureau in writing to

inform them of error

• Bureaus have 30 days to investigate

2. Contact lender/information provider that

you are disputing error

MANAGING

YOUR SCORES

CREDIT SCORES

• Measure consumer credit risk

• Different for each bureau and score model

• Independently managed outside of credit bureaus

• FICO® Score

• VantageScore

• Most common range is 300 to 850

fico.org

FICO ® SCORES

Know

your

money

IMPACTS OF

COVID-19 • Skip-A-Pay

• Student Loans

• Federal (no interest)

• Private (interest accruing)

• Mortgages

• Credit Score Simulator

How is your credit score being

impacted during this time?

75%

76%

GREENPATH

FINANCIAL

WELLNESS

Empowering people to lead financially healthy lives.

• Free for HUECU community

• Budget counseling

• Credit report review

• Immediate counseling

• Confidential

• Flexible Hours Monday –Thursday 8 a.m. - 10 p.m.

Friday 8 a.m. - 7 p.m.

Saturday 9 a.m. - 6 p.m.

HUECU.org/GreenPath

877-337-3399

HUECU.ORG/COVID-19-HELP

BLOG.HUECU.ORG

@myhuecu