What are two things that you felt were valuable from Jeannie, Amanda?
Was there anything you are still unclear about in terms of checking, credit and car buying?
Was there anything you are still unclear about in terms of checking, credit and car buying?
They were able to answer very important questions regarding building credit and what it is used for. With their input I was able to 'fully' understand how credit works,how it can affect you, and how your credit score applies to your liability factors. As for car buying, I'm still a little confused on the differences between leasing and buying a car, and if leasing is like mortgage, in that they both are credited towards buying the house, and not just like an extended rental. As for credit and checking, I am also don't fully understand how to maximize your credit score, and if it matters if you pay your credit usage quickly or just over time to demonstrate a stable income. I also wasn't present during the guest speakers presentation and got most of this information from the teacher/other students.
ReplyDeletethat they explained loans and how loan percents work same with how they can help high school students get a credit card and know how to use it right
ReplyDeletestill really unsure on how to proporly get a loan for said car.
How they explained there involvement in your car buying proses and how they expressed there care for each individual and there susses not just the money they get out of it.
ReplyDeletesummer hall
DeleteCame here to convince us to be with their bank and that they did.They made banking and credit building sound simple.They made therir business sound welcoming and promising.I am switching from wells fargo to nwcc when i turn 18.
ReplyDeleteHow long you need a job for when applying for a credit card. very helpful and a great experience
ReplyDeletei felt like i have learned a lot about the bank since these people have came into our class and i will definitely be going to their bank and they did a really good job on explaining what to do and how to keep your credit good
ReplyDeleteLearned how to refinance my car once im 18
ReplyDeleteHow to set up a secured credit card
Personal loans are not a very good idea for a car, take a car loan
Make sure to ask if you can not have a cosigner
How other banks may charge you for being an adult, but NOT NWC
Realizing how important your credit is and how fast it can be destroyed
Very helpful as im growing up!
During the presentation, I felt that it was a very good idea that they talked to us about different choices that we can do when it comes to handling our credit. Talking about auto loan gave us more knowledge about getting a car for ourselves now that we are becoming independent adults.
ReplyDeleteI was a little unclear about the overdrafting when using my card. I also want to learn more about the ways to keep our credit high and the fees that I need to know about when getting a card.
This is Angelica Manuntag ^_^
DeleteOne of the best things I learned was that after having a debit card and saving and a checking account for a while, it is best to take the next steps to building you credit once you turn 18. Upon turning 18 and having a job for at least 6 months, you should get your first $250 credit card. I believe that after having that card for at least 6 months, you can get a different credit card, with no limit, this way they can ensure that you are responsible with your money. After taking these steps you can begin to grow your credit.
ReplyDeleteI learned what GAP stands for and what it means. Found out how long you have to or preferably have to have a job before getting a credit card.
ReplyDeleteI enjoyed learning the difference between a credit union and a bank. Also how to build good credit.
ReplyDeleteHaley Howell
DeleteTwo things that were valuable about the presenters yesterday that they gave great information about when is the best to get a loan, and good ways to operate a working account. It was useful information to learn for the near future. There isn't really anything that I'm unclear of.
ReplyDeleteGAP insurance is another interesting topic that we learned about yesterday. They explained that it’s a great investment to make if you are planning on buying a new car. Basically, if you total your car and you paid $8,000, but it’s only worth $6,000, the GAP insurance will cover the “gap” between these prices when your insurance reimburses you. It’s about $349 upfront for this type of insurance.
ReplyDeleteTwo things I felt were valuable from Jeannie, Amanda and Sy from yesterday was that they were really open to answering all of our questions in a manner that was both professional and comprehensible. If we were unclear about certain terminology they were very flexible with restating their answers. Also the fact that they know we are students 18, or soon to be 18 and knew what we needed to do for the future with banking and accounts was really helpful to hear from professionals. Having the opportunity to know important information from first hand employees was not just very helpful and educational but a good experience to really understand the adult world and i felt that they really made that wake up call by being here.
ReplyDeleteI feel that I have a general understanding about the terms of checking, credit and car buying. However I'd like to know more about ways of finding professional help in the future.
I thought it was valuable to learn the differences between a regular bank and a credit union because I didn't know this before. It was also interesting to learn about how to build credit by getting a secure credit card. It was also helpful to learn what things they consider when you ask for a loan.
ReplyDeleteI felt that learning about gap insurance was something important because it was something I was not aware of before the speakers informing us. I also think learning the difference between a bank and a credit union is important in the choice for who to go through.
ReplyDeletethey explained the involvement with your cars and how to secure a good credit card and explained why we should rather use car loans instead of personal loans.
ReplyDeleteThe guest speakers from NWCU provided some really valuable information: how credit scores affect your loan amount, how to get a pre-approval, and how to boost your credit scores. I'm still a little confused on the specific ways to boost your score, and when you should start. What is the recommended percentage amount you should save from every check? I am now familiar with the basics of credit, loans, and car insurance, thanks to this presentation.
ReplyDeleteSierra Curry
ReplyDeleteWhat I learned was that not only are credit unions are better than banks. But the credit union would help you get a car and teach you loans and that was makes it easier to ask for help. Plus the way they talked about car insurance makes it so much easier to understand, funnier and that was a good way to teach.
The guest speakers from NWCU provided really valuable info about how credit scores affect your loan ammount, and how to get approved. Lexie
ReplyDeleteThe speakers were very helpful, I now know what a loan is and how I can get a loan. I Also learned what a auto loan was and that's a loan when you are buying a car. They also care about you they would do things for the benefits of you, like if you wanted a loan they would give you six months to see if you could actually do it, and if not they will advise you to wait. I also learned that you should first go to your bank if you want a loan because if you go to a dealer they don’t care about you, they just want to make business. They just share very important things. They also told us the differences between a bank and a credit union.
ReplyDeleteI learned that different banks have different policies and rules. Northwest credit union doesn’t have a limit of how much you put in your bank account and credit affect you banking score. The amount of auto loans can vary because of blue book and they ear of the car and maintenance of the car. The northwest credit union gives advice instead of boss you around.
ReplyDelete
ReplyDeleteI was absent the day we had the guest speaker, But what i gathered from other students is that your bank will require you to have the same job for 6 months or more and have proof to present to them and you should blue book your car that you are planning to buy so you know the round about price that it will be and how much you will need in a loan in order to purchase your car and you will plan for you to do 6-12 month payment on the car with interest.
From having the guest speakers here on Thursday I learned quite a bit more. I understand a little bit more about the bank vs credit union. A bank is not your friend. They are there to take your money and that’s it. A credit union is your friend. A credit union is there to look at your finances and make sure you can afford to buy the car you want and if the car you chose fits your finances and needs. When taking out a car loan you must be at the same job for 6 months and go an ask for a loan, you’ll sit down with the person that’s going to help you and make a plan. Before you get your loan they will kelly blue book your car to see what it’s worth and that’s how much they will loan you and you pay the rest if it’s more than what you are loaned. which I thought was interesting.
ReplyDeleteThe day we had the guest speaker I was sadly absent, but luckily my bank is NWCU so i’ve briefly have been taught about what the process will be like. When choosing to buy a car you should always contact your bank about the decision so you can go about it the best way possible. Your bank will require you to have the same job for 6 months or more and have proof ready to shown them. From there they will blue book the car you’re looking at buying and that’s how they’ll get the total for the check. Once they know the total you and your bank will come up with a plan for 6-12 months for monthly payments on the car with interest. You’ll then be able to buy the car with the check the bank gave you and from there your pay back plan will start with the bank .
ReplyDeleteI thought that the community credit union gave a lot of good advice about loans and credit and things that high schoolers don’t tend to know a lot about. I also really liked how friendly and engaging they were, they made you want to know more and want to ask more questions. While I am more enlightened than I was before, there are some things about credit that I don’t understand because there are people around me that say different things about it. For example the “no credit is bad credit” idea, I was told that it was true, and then another source told me it wasn’t, so i don't really know what to believe.
ReplyDeleteYesterday, our dear friends from Northwest Community Credit Union came over to discuss financial topics, such as car loans. Well, mostly they just talked about car loans, which I found helpful because I am currently in the market for a new car. They talked about what they do in order to get a loan, and they said that they try and choose the smartest loan that they can for their clients. They try to keep the loan at a budget that works out for their client, and they work with their client so that the client won’t fall out of paying. I found that this discussion was actually very eye opening.
ReplyDeleteThe guest speakers from Northwest Community Credit Union taught me some things I had not previously known, but not much of what they told the class was new to me. One of the things I learned was that a co-signer’s credit will also be affected by the primary signer’s not paying a loan. Furthermore, this credit change will happen regardless of whether or not the co-signer pays for the primary signer.
ReplyDeleteThey briefly talked about different types of insurance coverage too. This was valuable because it showed me more about when different coverage options actually apply.
The guest speakers from Northwest Community Credit Union helped us with understanding things such as car loans and being smart with money. They explained that the workers of Northwest would help you understand whether something was a little too far out of reach financially or what it would take to get something. The guest speakers were very clear about what they were talking about.
ReplyDeleteYesterday, we had guest speakers come from Northwest Community Credit Union come and talk to us about what they do at the bank, including loans, and gave us great advice about the car shopping process. They discussed the process they go through when determining if they can give someone a loan (i.e. their credit statement, how much they have saved, how much they make). They do something called “blue booking”, where they determined how much a car is actually worth, and they will only give out loans covering the price determined by the blue booking process. It was also emphasized that we should seek out loans from banks, not dealerships, because banks will have our best interest in mind. They also talked about car insurance, and how that payment should factor into your decision for car prices.
ReplyDeleteThe guest speakers from Northwest Community Credit Union showed me that they are great resources for me if I ever want to make a big financial move. They gave really good insight on what to look for when buying cars. They also taught me how to actually build credit and the importance of said credit. I look forward to working with them in the future.
ReplyDeleteThe representatives from Northwest Community Credit Union were really informative and helpful. The information I felt was most useful for me was when they taught us about the loans and what looks good when you're going to get a loan.
ReplyDeleteThe guest speakers from Northwest Community Credit Union gave me some really valuable information regarding credit scores and the steps to take to start building up my credit. They also provided great information on loans and how to get the most out of applying for loans. After the presentation I had a better understanding of the importance of credit score, how to apply for loans, and overall better finances.
ReplyDeleteI feel better knowing that they would help me and give me opinions over decisions and advise me to do certain things, and how to protect myself against fraud. I am still a bit scared and intimidated about the idea of such a big step, so i'd need a lot of advising to make sure i was making a good choice. :-)
ReplyDeleteThey helped explain the difference between secured and unsecured credit much better, and they offered great tips on what to do and what not to do when trying to get an auto loan, like don't get one through the dealership. I wish they would have given more tips on how to get a good credit score when trying to get a good deal on a loan.
ReplyDeletelooks like someone's not getting a grade lol
DeleteIzzy White
DeleteBefore hand i didn't know the difference between a credit union and a regular bank. I also learned about GAP insurance and how important it is. I can't think of any questions I may have.
ReplyDeleteI'm really glad that they talked about secured and unsecured credit and that finding the right loan takes time and that you should always read the fine print and make sure you know what you're getting in to. I don't have any further questions that they didn't answer.
ReplyDeletei feel way better on knowing that they would help and give me opinions and advise me to do certain thing.
ReplyDeleteI enjoyed talking face to face, They taught me that I can build credit off of a loan. Although if i do build my credit off of a loan then I will pay slightly more because of interest. I cant think of anything that I need more explanation on.
ReplyDeleteThe guest speakers from NWCU provided really valuable info on how to get and pay for a secure credit card to be eligible for an unsecured amount. This is super helpful information for the future after high school, especially for building credit.
ReplyDeleteThey vaguely touched on fraud protection. But they went every kind of insurance possible like gap insurance.
ReplyDeleteI feel much better when they give me some advise how to protect myself how to rent or buy a house and helps me how to use my credit card
ReplyDeletethis is Rodas
ReplyDeletesome things i found valuable from northwest coming in were how if you buy a car off of Craigslist and you go in to get a loan they will basically make sure you aren't getting ripped off.
ReplyDeletemaegan
DeleteI learned about GAP insurance and how important yet cheap it is, that is a must buy when buying a new vehicle. I also learned that you can get a loan through a any bank when buying a car at a dealership
ReplyDeleteI learned about GAP insurance and how important yet cheap it is, that is a must buy when buying a new vehicle. I also learned that you can get a loan through a any bank when buying a car at a dealership
Deletesome valuable things that i got from amanda and her friend were how to get a credit card. i also leanred how to build credit. i dont think theres anything else they didnt cover. they did great.
ReplyDeleteI found that the ability to be able to go to their office and ask questions is important as if we forget or come up with new information that should also that credit cards have a payment of 3% or 20$ but whichever is greater.
ReplyDeleteI learned that you don't have to wait to pay off a loan. When buying from a dealership you can choose what bank the get your loan from.
ReplyDeleteI learned that when it comes to loans, Northwest is more reliable than banks like Chase.
ReplyDeleteAfter listening to them teach us about car loans as well as credit cards. I learned that its more useful to get secured and unsecured credit because it looks better. I also learned that its better to get a loan for a car rather than buying it outright, and putting the $ into an instant pay account.
ReplyDeleteI feel more confident now after their presentation, I now know more about fraud and credit score, but im still confused on why it effects/brings down your credit score every time you check it.
ReplyDeleteThey talked about easy it is to get a secured credit card and how to build your credit off of small purchases like phone bill or a coffee. I am still unsure about how much you would have to pay during the grace period and after. I am also confused as to why paying your debt off early poorly affects your credit score.
ReplyDeleteThey will usually tell you to pay off the car payment with your credit to help build it, and overtime it will look good on your credit if you pay the bills on time. I also learned about rear ends bumps, you should always report it to the dmv as to not later get sued, even if they say its fine.
ReplyDeleteThe guest speakers from NWCU helped explain the questions i had. I didn't know GAP insurance was a thing until now. I learned many things i didn't know about. The guest speakers were very clear on what we wanted to know.
ReplyDeleteI learned that even if you have the money to pay off a loan, it is better for your credit to put that money into a savings account and continue to pay your payments. I also learned that a credit union will almost always be able to get you a lower interest rate on any loan.
ReplyDeletedifferent banks have different policies and rules. Personal loans are not a very good idea for a car.
ReplyDelete1)They both helped me understand loans and car payments so i don't make dumb mistakes and also credit scores and good ways to build it and good ways to get a credit card and what to look for.
ReplyDelete2)
1. I should probably get a secured credit card. 2. I should buy a car through the bank because it's safer
ReplyDeleteone thing i learned is that the best way to build credit is to get a secured credit card, also another thing is that it is probably better when buying a car to go through the bank and not a dealership.
ReplyDeleteThey explained very well the differences between both Debit and Credit and even explained that you get money for signing up a friend. They were very convincing in getting us to join NWCU.
ReplyDelete1.)Its smart to have more than one account, and to have secure credit
ReplyDelete2.)Get a friend and make them sign up and get $50!!!
1) You can get a loan for a car that isn't from a dealer
ReplyDelete2) Best way to start is to get a secured card
this is Anthony
DeleteOne thing I learned is that the max for a 18 year old to have a secure account is $250.
ReplyDeleteThey explained that the cosigner for a car or other loan can also be affected in terms of their credit score by failure to pay the loan. Also, you should never have the dealership apply for the loan for you, as they don't care about you, but your bank should be willing to work with you and talk about the terms in more detail. Forgot to ask about what kind of account gathers interest over time...
ReplyDeleteNWCU explained the differences and advantages between credit and debt cards and also advantages of secured credit, also if i refer a friend i will get $50
ReplyDeletethis is demeats
DeleteI learned that if you refer a friend to Northwest Community Credit Union, you will get a free $50 sent to your account. I also learned not to trust people with your credit or debit cards.
ReplyDeleteGetting a secured credit card is a good idea, you just have to play it smart if you're getting it early after you turn 18. When buying a car from a dealership always pay through the bank because they'll help you while the dealership just wants your money.
ReplyDeleteI learned that you don't have to wait to pay off a loan.
ReplyDeleteI also learned that you should go to the bank to get a loan, not a car dealership.
There were a few things I learned when the guests from NWCU gave their presentation. I learned about the GAP insurance and how it can be very important to have. Getting a secured credit card to start building credit is very important. If you want to get a car loan talk to the credit union.
ReplyDeleteI learned more about a secured credit card and what to expect when I get one. As well as more info about their own company and benefits.
ReplyDeleteIt's usually a good idea to open up your own account under your own name as soon as possible and get a secured credit card for a least a year to start building credit.
ReplyDelete$50 if you refer a friend
ReplyDeletedont cosine for other people
good to have a secured credit
ichelle RolfeMay 23, 2019 at 9:37 PM
ReplyDeleteThe guest speakers from Northwest Community Credit Union gave me some really valuable information regarding credit scores and the steps to take to start building up my credit. They also provided great information on loans and how to get the most out of applying for loans. After the presentation I had a better understanding of the importance of credit score, how to apply for loans, and overall better finances.
Reply
you can get 50$ every time you refer someone to the bank and if someone cosigns the bank will decide if its manageable to take that cosigner off if they feel you are doing well and don't need one. ~marissa johnston
ReplyDeleteI learned that it takes time to look for the right loan and be careful of reading the tiny print for more information. It is better to start your credit card history as soon as possible to get better service in the future.
ReplyDelete$250 is the minimum initial payment for a secured Credit card from Northwest Community Credit Union. Minimum payments per month for paying off the balance of a credit card is a percentage of the balance, or $20, whichever is the higher payment.
ReplyDeleteif you refer someone to the bank then you get 50 dollars and if you have a cosigner the bank gets to decide if the you are doing good enough that you dont need a cosigner anymore. ~marissa johnston
ReplyDelete$50 if you refer a friend
ReplyDeletedont cosine for other people
good to have a secured credit
if you refer someone to the bank you and that person get $50
ReplyDeleteIt is better to get a loan through a credit union. Refer a friend can make you a lot of money.
ReplyDeleteif you refer a friend you and your friend gets 50 dollars.
ReplyDeleteand its smart to have at least two bank accounts.
1. You can build your credit with a secured credit card.
ReplyDelete2. It is better to buy a car through a nontraditional bank.
something i learned from northwest is that you can apply for a secured credit card at 18. you also get 50 dollars for referring someone to them if that person sets up a checking and savings account
ReplyDeleteI learned that to build credit your interest rate is 14.4% and you can always go through a bank to buy a car just to make sure you get a better deal and your only spending the money that's in your budget.
ReplyDeletei learned that we can have a account where you can safe money and having a good credit cant help you buy a car. i would want to learn more about how can people use the account where they safe money.
ReplyDelete*save
Delete**good credit can help you buy a car
1. You should always read the fine print and be very careful to fully understand what you are signing. 2. when buying a car, pay through the bank not the dealership because it will be cheaper
ReplyDeleteI learned how can a person can save money by not using their credit card at all, and not having good credit can affect the future loans you try to get.
ReplyDeleteIts always better to keep a credit card open, even if you're not using it because it'll build your credit. Use your bank for buying a car because they'll help you and the dealerships dont care about you
ReplyDelete