Acronyms
PFC
Who is the resource to augment financial readiness
This person can perform basic budgets and teach financial touch points
Who is a CRC/CRS
This tab provides information related to the results of the overall spend plan
What is the Totals tab
A carryover balance
What is a financial term that signifies an interest barring debt from month to month
A score of 800
What is a prime or good credit score
AFC
What is an approved DoD wide credential designation
This person can teach the financial readiness portion of TAP
Someone who holds a nationally accredited credential
The tool used for overall financial assessment
What is the spend plan
A loan used to payoff credit card debt
What is a debt consolidation loan
Making on time payments
What is a FICO credit scoring factor
DDIR
What is the net income ratio calculation
This person provides guidance and updates to center personnel related to personal financial readiness programs
Who is AFPC
The area on the spend plan where people historically underestimate spending habits by an average of $150 per week
The food category in the expenses tab
When a creditor writes off a debt as a loss
What is a charge-off
Payment history, amounts owed, length of credit history, new credit accounts, and credit mix
What are the FICO algorithm scoring factors
CMT
What is the mandatory touch point training training
This person is responsible for monitoring and ensuring touch point compliance
Who is the Unit Commander
The acceptable ratio benchmark of 36% or less
What is DIR
A convenient, mandatory, and secure way to pay for official business-related expenses
What is the GTC
The 80/20 or 70/30 ratio that indicates a consumer is using their credit wisely
What is a credit utilization ratio
DPFFF
What is the office symbol for AFPC military and family operations
This person is the final authority related to NFE approvals
Who is HAF/A1SA (headquarters)
The deduction category that relates to how much you are contributing pre-tax for retirement
What is the TSP
A recommended tool used to calculate interest payoff over time
What is PowerPay
Equifax, Experian, and Transunion
What are the three credit information collection and reporting agencies