It can seem impossible to avoid the onslaught of junk mail in your mailbox – both the physical box at your home and the virtual one on your smartphone.
At our house, the vast majority of this unwanted mail comes in the form of credit card applications. It seems easy to borrow money, but it’s not so easy to get an education on how to manage your financial future responsibly. Luckily for you AND for me, there are helpful – and free! – online resources available to help you manage your money, including courses that assist you with improving your credit score, too.
If you are looking for a basic resource that clearly explains what your credit score is and how you can improve it, then look no further than myFICO. This is the consumer division of FICO, which provides one of the main scores used by companies to make their consumer credit decisions. myFICO provides robust information for all knowledge levels aimed at de-mystifing your credit score, including how it is used by lenders.
Money Management International
As one of the largest non-profit, full-service credit-counseling agency in the United States, Money Management International offers a huge financial education section. The resources cover material ranging from learning what your credit score is, to tools for managing your existing debt, and so much more. I’m quite a fan of the information offered to kids on proper money management techniques.
Aiming to provide a path to better financial health through a better alternative to payday loans, Lendup has excellent (and free!) financial literacy resources. These courses are video-based, perfect for the more visual learner, and cover topics like credit building, your credit rights, and how to understand your credit report. And yes, you can reach out to Lendup for short-term loans.
Fundamentals of Personal Financial Planning
The real heavyweight on this list is Fundamentals of Personal Financial Planning. This free online course from the University of California-Irvine Distance Learning Center is broken down into eight modules, covering all aspects of financial planning. This is more for the person engaged in long-term goal-setting: not only can you correct past problems as you improve credit, but you can prevent future ones by understanding how to plan your finances for the rest of your life.