Credit
The ability to borrow money or access goods and services with the understanding that you'll pay it later.
What is CREDIT?
A lump sum amount of money that is paid before you can move into an apartment or home that is returned to you after your lease is ended.
What is a DEPOSIT?
Metro Atlanta Rapid Transit Authority
What is MARTA?
A plan of how you're going to spend and save your money.
What is a BUDGET?
A Federal program that assists with low-income families to purchase food and groceries on a monthly basis.
What is FOOD STAMPS/SNAP/EBT?
A report used by lenders to determine if you are a good borrower or a poor borrower. It fluctuates between 500 - 800 or beyond.
What is a CREDIT REPORT?
Bills that is not included in your rent but are needed monthly in order to live.
What are UTILITY BILLS?
What is REDUCED FARE?
Expenses that are a must for survival.
What are your NEEDS?
A plan to take time out for yourself to relax and calm yourself from everyday stressors.
What is a SELF-CARE PLAN?
TransUnion, Experian and Equifax.
What are the 3 independent CREDIT BUREAU's?
An assistance from the Federal Government through the HUD program for low-income housing that will pay a percentage of your rent monthly.
What is SECTION 8 HOUSING VOUCHER?
When a bank or credit union allows you to borrow money for a vehicle prior to you going to the dealership. They will ask questions about your income and credit.
What is PRE-APPROVAL?
Expenses that are not a must for survival.
What are your WANTS?
A healthy balance of managing your reality and responsibilities along with your social media presence.
What is SOCIAL MEDIA WELLNESS?
A family member or friend who allows you to be added as a secondary user on a credit account to assist you in building your own credit score.
What is a CREDIT SPONSOR?
An assistance from the State, City or County that assists with paying a percentage of a deposit, rent or other housing expenses used to help the homeless get back into their own place.
What is a SUPPLEMENT VOUCHER?
A percentage you pay back on your loan when you borrow money from a bank or credit union that goes straight back to the bank. This percentage can be high or low depending on how good or bad your credit score is.
What is INTEREST RATES?
A rule that is used by people who are balancing their budget by living within their means with 50% of their income, using 30% of their income for some of their wants and putting 20% of their savings away that they do not touch.
What is the 50/30/20 RULE?
An area where there is very little nutritional food options and grocery stores, but instead the area is full of fast food restaurants and convenience stores.
What is a FOOD DESERT?
Process where you take initiative of making on time payments, call creditors to remove false or older charges off your credit report, open new secured credit accounts and keeping a positive balance on all of your current accounts.
What is CREDIT REBUILDING?
Coverage of your housing items when you rent in case of a fire or major incident.
What is RENTER's INSURANCE?
Paying attention closely to your responsibilities, being aware of your priorities and planning ahead.
What is TIME MANAGEMENT?
True or False: Everyone's NEEDS and WANTS are the same.
FALSE
A three step approach to managing high stress. Each step begins with the letter 'R'.
What is RECOGNIZE, REVERSE and RESILIENCE.