For this assignment I attended a credit card workshop. I decided to attend the “know your credit score” workshop for class because I wanted to get a better understanding of how credit works. Currently, I do not own a credit card and I am not too familiar with how the process of getting one and maintaining a good credit score works. Since I will be graduating this coming June and credit card companies will be contracting me soon after, I felt as though it would be to my best interest to start building a basic knowledge of how credit cards work. Additionally, I felt this workshop was important to attend because it would give me insight in how to maintain a good credit score and avoid some of the common mistake the people make with their credit cards. Lastly, since ones credit score is the basis of how they are judged of their reliability to payback loans and other general purchases I felt as though this would be a very informative and helpful workshop to attend.
The biggest thing I learned during the workshop was about interest rates. While I was already aware that one is charged interest one the money they charge to their credit card I was did not know of the different levels and type of interests that could be charged. For example, the Annual Percentage Rate (APR), which is the percentage you pay if you carry is a balance on a credit card, is often charged to the highest balance you currently owe that is over the minimum balance. This taught me that it is important to be wary of making charges to my credit card that are drastically over the minimum amount because then I will end up paying more of it with interested on top of its original cost. Knowing this now, I believe it will help me with my finical planning when charging expe...
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...and types of credit make up the least impact portions of a FICO score and these are ones recent credit history and the number of accounts and types they have open. I found this to be very informative because I had never heard of a FICO score before and only thought that a credit score is what one is judge by. From this knowledge I gained I know plan to have make sure I always pay back what I owe right away and to have a number of accounts open.
Overall, I found to credit score workshop to be highly informative. While, this workshop might not directly effect what I do at my internship it will have long-term benefits in my personal finical career. I now know some of the basic in and outs of how the credit system works in the Untied States and feel as though I am better equipped to handle my personal finances as I etner into the next stage of my life after college.
The five criteria used to determine your credit score are payment history, credit usage, length of credit history, credit application, credit accounts. According to the personal banker at Wells Fargo, the most important criteria that students should focus on are payment history, credit usage, length of credit history. Payment
In this country, there are three major credit bureaus: Experian, Equifax and Trans Union. They offer information to lenders about a person�s credit score. The lower your credit score, the less likely you are to get credit. Each credit report comes with �score reason codes� to explain why your credit score is where it is.
A credit transaction is when a consumer purchases a good or service and pays in the future. The use of a credit card can be useful as it is convenient, saving time and trouble. However, due to the extensive use of credit cards in Australia, legal issues has arisen such as the inability for consumers to repay their debts, unfair contract terms and inadequate procedures of credit providers. Prior to 1996, the Credit Act 1984 (NSW) was introduced as the only piece of legislation that regulated customer credit. However, because it only offered protection for less than 20% of consumers, the Consumer Credit Code was established in 1996 under the Consumer Credit (NSW) Act 1995 (NSW). This code is a set of uniform national rules about consumer credit transactions and has been adopted by all governments throu...
My internship began with a short orientation of KPMG’s office located in the Wells Fargo Building of downtown Minneapolis. After some introductions and a few training sessions that outlined what was expected of us in terms of the rules and laws we were required to follow including disclosure of client and firm information and independence affidavits, for example, we were briefed on our trip to Orlando for National Internship Training which would take place the following work day. Training for Partnership-focused federal tax interns would last a whole week filled with events and educational seminars that would introduce us to tax fundamentals and software tutorials that would be helpful during our time with KPMG. National Internship Training would be the primary training session for every KPMG intern in the nation, hosting thousands of interns assigned to all pillars of accounting (audit, tax, and advisory). During meals and events the interns had opportunities to meet interns from around the country helping to expand our professional and social networks, which I found to be one ...
Late Payments: People do not realize that their payment history can significantly affect their credit score. Every bank or lender provides a due date for making a payment but they also provide a grace period before which the late fees is levied. This is where people make mistakes. They
Your credit score is one of your most important financial attributes. Fortunately for those who are unsatisfied with their credit rating, there are plenty of options available. Improving your score is an attainable goal that everyone should aim for, even those who are content with their credit rating.
The DC internship can help me further my skills/abilities in professionalism, because I can learn how everything should be done in the most in the most professional way. When it comes to professionalism I know how to do emails, dress, be on time ect. I believe that the internship can introduce me to new professional rules and norms.
Kovak, Marc. “Survey suggests credit card companies unfairly target college students.” 31 March 2013. ProQuest. Mira Costa College Library, San Elijo. 15 Oct. 2014.
...s issue affecting many consumers across the country. With nearly two-thirds of families in the U.S. using credit cards on a regular basis, it is crucial that we find a solution to the problem, whether it lies in the hands of consumers or credit card companies (Clayton 209). It is a complicated issue and it will take effort from both sides to come to a fair conclusion for both parties. However, those debating the issue should be sure to not to misrepresent the facts and that they do not ignore the oppositions valid reasoning simply because it differs from their own.
I. Main Point 2: It is important to pay your credit card balance off every month. If you do
All business schools should have an internship program. The benefits that the internship program can give to its students are outstanding. Students that participate in internships not only benefit themselves but they can also help out other business students by bringing back valuable knowledge and sharing it with them. (Swift and Kent 1) Students also get a good taste of the high pace business world, internships can help weed out the week business students and strengthen the strong. But usually both the student and the business and the business school benefit from the internship. According to Swift and Kent researchers have reported that students who participate in formal internships find their jobs sooner and receive more job offers than do students who do not participate in internships. This being true perspective students in the business field might start looking into schools to see how their internship programs are and might star...
To me, good credit is almost an equivalent to good reputation. If you have a good reputation, you gain trust and respect and are able to have opportunities that others would not. Likewise, if you have good credit, you are able to gain more financial opportunities like lower rates and more opportunities to make larger purchases. For example, if you want to buy a house, a good credit score may allow you to purchase that house at a lower interest rate or even at all. Of course, like reputation, a credit score can also be a way of judging yourself and how reliable you think you are.
The three student success series I attended were study aid, video editing with Photoshop, and find free money for college. I selected each workshop for a different reason. I choose study aid because it was required but it helped. I choose Photoshop because I started a YouTube channel and needed to learn how to edit videos better, I choose find free money for college because I need more money to pay for college so I want have to take out loans. There is no similar theme. I learned that there are scholarships that people sometimes don’t apply for and that there are many ways to study.
I had never done an internship before so it was a learning experience for me. Would I do this over again probably, would I recommend an internship to someone? Yes I would, it is very rewarding growth in integrity, character, and spirituality if you let the Lord refine you, and you are able to take constructive criticism, which helps you refine your weaknesses. I think this is a great course and would recommend it to another student, thanks for the opportunity to learn and grow from this experience.
Internship experience is essential for students to gain hands-on experience for future full time jobs and differentiate ourselves among competitors, especially for us who are taking MBA courses. Based on the network we built and skillsets gained through the internship, we could know more clearly whether we want to dedicate ourselves into related fields and industries. Besides, internship is a great opportunity to build important network that advances your career life and apply what you learned from school into the real business world. Therefore, you could compare the potential differences between theory and reality to pinpoint ideal future careers more accurately.