Learning about credit

You may have heard us talk about Get Smart About Credit Day on the blog in years past. It’s an annual event sponsored by the American Bankers Association that takes place on the third Thursday in October. Well, Wells Fargo will be taking part in conversations about credit at events in stores, schools and communities again this year.

This year, the Student LoanDown team is dedicating the whole month of October to credit and credit education-related topics. More specifically, we want to know what credit questions you have. Let us know what you want to hear about this month.

For those of you who are looking to get your feet wet with some credit education right now (Yay you!), check out the Hands on Banking® Program’s Young Adults library for some great articles.

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2 Responses to Learning about credit

  1. S.B. says:

    At what point does your credit actually begin being hurt?

    On one instance, if I have school loans to be paid by the fifth of every month, and I pay on the sixth or the payment doesn’t post till the sixth, does a mark get sent to the credit bureau against my record?

    Over all, what are the small steps to have good credit as well the small steps to have bad credit?

    • Barbara says:

      S.B. – Some creditors offer a grace period after the payment due date where they won’t submit it to the credit bureaus. You’d have to check on each of your accounts to see what that is specifically. Good call on the small steps. Stay posted this month for more details on those small steps that could take you in both directions.

The Student LoanDown

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