Credit
What are the 5 C's of credit?
Character, Capacity, Capital, Collateral & Conditions
What are the 4 common financial scams?
Emotional scams, Vendor invoice scams, tech support scams, and recovery assistance scams
What is a budget?
A budget is a plan for how to spend and save money. It helps people track their income and expenses to ensure they don’t spend more than they earn.
What is "living within your means?"
your monthly expenses should not be more than your net monthly income, which is the amount you earn each month after taxes. Living within your means can help keep you out of debt and allow you to save for the future.
This is a FREE, $0 monthly service fee account at KeyBank
Smart Checking
What are the 5 credit score ranges?
Poor, Fair, Good, Very good and Excellent
What are the 3 common ways scams are committed?
What is income?
The money earned by an individual or business through various sources including wages, profits, interest and investments.
What is the 50-30-20 rule?
50% needs, 30% wants and 20% savings/debt
A credit card secured with collateral meant to help you build your credit
A secured card
What does DTI stand for?
Debt-to-income
What are the 5 payment app scam that criminals use to steal money?
"accidental transfers", "suspicious activity" warnings, imposter businesses, fake charities, and spoofed emails
What are expenses?
The simplest definition of an expense is any money spent to get something.
What amount of emergency savings should you aim to have?
3 months of living expenses
What relationship benefits does a checking account with KeyBank unlock for you as a client?
2% unlimited cashback credit cards, .25% interest rate discounts, up to 1% interest rate discount on personal loans, and access to your paychecks up to 2 days early with Early Pay
What are the 5 factors that affect a credit score?
Payment history, credit utilization, length of credit history, types of credit, and new credit inquiries
What are the 3 common ways criminals steal checks from the mail?
Fishing, arrow keys and robbery
What is a need when it comes to budgeting?
Needs are essential for survival and well-being
How much could you get from opening a checking with KeyBank?
$300
What are some of our online tools you get access to with your checking account?
Account alerts, balance information, easily transfer money, FICO score, etc.
What are the 3 ways that criminals then use the stolen checks to commit fraud?
Counterfeit checks, Altered checks and forged endorsements
What is a want when it comes to budgeting?
Wants are desires that enhance comfort or enjoyment, but are not necessary for survival
What is the feature with KeyBank where every time you make a purchase with your debit card, a small amount of money is moved to your savings account?
Easy Up
What are our names?
Morgan and Raechell