Healthy Credit Webinar

presented by UOPX & GOALSETTER

Managing credit card debt and fostering good credit habits.

View recording

About the Healthy Credit Webinar

Are you feeling overwhelmed by debt? According to Business Insider opens in new window, the average American carries $104,215 of debt across mortgage loans, home equity lines of credit, auto loans, credit card debt, student loan debt and other debts like personal loans.  It’s important to learn how to manage and understand the actual cost of debt to ensure you keep a healthy credit score. Join Chris Conway, University of Phoenix’s director of financial literacy, and Goalsetter’s CEO & Founder, Tanya Van Court, for a live webinar session to learn good habits that could help you improve your credit.

Understanding Credit Scores

  • What is a credit score and how is it calculated?
  • The impact of credit scores on financial opportunities
  • Common myths and misconceptions about credit scores

Strategies for Building Healthy Credit

  • Tips for establishing and building credit from scratch
  • The importance of on-time payments and credit utilization
  • How to choose and use credit cards responsibly

Maintaining and Improving Your Credit Health

  • Best practices for monitoring your credit report
  • How to address and correct credit report errors
  • Long-term strategies for maintaining good credit health

 

The following topics were covered in this webinar:

  • Benefits of Credit Cards: Build credit, offer fraud protection, provide emergency financial flexibility and earn rewards if used responsibly.
  • Understanding Interest & Fees: APR includes interest and fees; carrying a balance can lead to significant long-term costs.
  • Credit Card Debt Risks: High-interest rates make minimum payments expensive and extend repayment time.
  • Strategies to Pay Off Debt: Use the Debt Snowball (smallest balances first) or Debt Avalanche (highest interest first) method.
  • Seeking Help for Debt: Nonprofit credit counseling services offer guidance and debt management plans.
  • Credit Scores Matter: Ranges from 300-850, impacting loan approvals, interest rates and even job applications.
  • Factors Affecting Credit Scores: Payment history (35%), credit utilization (30%), length of credit history (15%), credit mix (10%) and new credit (10%).
  • Improving Credit Scores: Pay on time, keep balances low, limit new accounts and use secured credit or authorized user options.
  • Avoiding Common Credit Pitfalls: Don’t max out cards, miss payments or open too many new accounts at once.
  • Financial Planning is Key: Use credit wisely, track spending and plan for debt repayment to build long-term financial health.
Managing Credit Card Debt Webinar

Managing Credit Card Debt Webinar


Speakers

Chris Conway

Chris Conway
Director of Financial Education Initiatives and Repayment Management

Chris Conway is the Director of Financial Education Initiatives and Repayment Management at University of Phoenix.

Tanya Van Court

Tanya Van Court
Founder and CEO of Goalsetter
Goalsetter opens in new window

Tanya Van Court is a former Nickelodeon, Discovery Education, and ESPN executive.

Kevin Soehner

Kevin Soehner
Senior Vice President of Operations at iGrad
iGrad opens in new window

Kevin Soehner is Senior Vice President of Operations at iGrad.