Financial Literacy Starter Kit

8 min read

Know your rights

The FCRA gives you the right to accurate credit reporting and to dispute errors. The FDCPA protects you from abusive collection practices. You're entitled to free weekly reports from all three bureaus at AnnualCreditReport.com.

Interest works both ways

Compound interest builds wealth in your savings and destroys it in your debt. A 24% APR card doubles what you owe in about three years if unpaid — the same math that grows a retirement account works against you.

The order of operations

1) Small emergency fund. 2) On-time payments on everything. 3) Kill high-interest debt. 4) Build utilization habits. 5) Invest. Skipping steps is why most plans fail.

Want this explained for your situation?

The AI Credit Coach can break any of this down further and help you build a personalized plan.

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