ICFE eNEWS #09-18 - September 17th 2009
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Credit Card Certification Course For Young People Ages 21 And Under Called
"Credit When Credit Is Due" Recognized Nationwide - Course Is Now Online

San Diego, CA. (May 2011) A new credit card certification course for young people facing new credit card restrictions is being made available on line by the Institute of Consumer Financial Education (ICFE), a San Diego based nonprofit organization. The course is the widely acclaimed credit education program, Credit When Credit is Due (CWCID). It is recognized by credit counselors, lenders and credit reporting agencies. The new reforms that take effect in February prevent issuers from extending credit to those younger than 21 unless they show they have the means to pay the bills or they have a co-signer, such as a parent. Card issuers also will need a co-signer's approval to increase credit limits of a cardholder younger than 21.

Credit When Credit is Due (CWCID) is a twelve lesson program targeted towards first time credit seekers. There is a test at the end of each chapter. Parents being asked to co-sign for credit cards and young people seeking first time credit will find CWCID a big advantage. successful students receive information about their CWCID completion which may be sent to credit reporting agencies and presented to potential lenders.

Nationwide, over 100,000 people have completed the CWCID program. Over 500,000 CWCID text books have been distributed. The graduates are entitled to a number of benefits as their reward for investing in such comprehensive credit education. In addition, a recent study released by Dr. John Usera, of the Institute for Educational Leadership & Evaluation (IELE), reports a strong correlation between completion of Credit When Credit is Due and increased credit scores. Many credit and debt counseling organizations require their clients to take CWCID as part of their credit re-hab clinics.

CWCID in textbook format is $65.
CWCID Online enrollment is $50.

Students will receive a user name and password to the CWCID website and the online format.
Students may take the course at their own speed. For more information about CWCID online, please visit: ICFE.info.

Course content: 12 lessons included in the Credit When Credit Is Due course are:

Lesson One: The Facts Of Life
What you need to know to get along as a financially responsible adult.
Lesson Two: Living On The Edge
How to budget and save your money, and plug your spending leaks.
Lesson Three: To Borrow Or Not To Borrow
How to decide if you should pay cash or borrow the money you need.
Lesson Four: So You Have Decided To Borrow Some Money
How to get through the credit-granting process once you decide to borrow.
Lesson Five: The Terms Of The Deal
How to determine if you are getting the deal you have bargained for.
Lesson Six: Auto Loans And Leases
One of the toughest deals to negotiate.
Lesson Seven: Home Sweet Home
The largest debt you are likely to ever have.
Lesson Eight: Credit Cards And Other Loans
What you need to know about credit cards, personal signature loans, etc.
Lesson Nine: You've Got Trouble When
How to tell you when you may have a problem.
Lesson Ten: When You Fall Behind
Dealing with delinquency and bill collectors.
Lesson Eleven: Bankruptcy
The ultimate credit overload.
Lesson Twelve: Building And Rebuilding Your Credit
How to establish good credit when you have no credit history or even a bad credit past.

ICFE eNEWS is available FREE upon request by sending an email to info@icfe.org and place the words eNEWS Request in the subject line. Please pass this eNEWS on to your peers and interested others and invite them to subscribe for free.

Sent by:

Paul S. Richard
President - Executive Director
Institute of Consumer Financial Education (ICFE)

About the ICFE:

The Institute of Consumer Financial Education (ICFE) was founded in 1982 by the late Loren Dunton (creator of the Certified Financial Planner (CFP) designation and founder of the College for Financial Planning in Denver, CO.) The ICFE is dedicated to helping consumers of all ages to improve their spending practices, increase savings and use credit more wisely.

The ICFE is an award winning, nonprofit, consumer education organization that has helped millions of people through its financial continuing education courses programs and resources. In addition to eight Certification courses covering identity theft, credit files, credit repair and credit scoring, among others, it also publishes the Do-It-Yourself Credit File correction Guide, which is updated annually. The ICFE has distributed over one million Credit/Debit Card Warning Labels and Credit/Debit Card Sleeves world wide.

The ICFE is a partner with the national Jump$tart Coalition for Financial Literacy and the California Jump$tart chapter. The ICFE staff is also active with San Diego Saves and Military Saves, both offshoots of America Saves.

The ICFE is also an on-line help for consumers who spend too much. ICFE's spending help was featured in PARADE Magazine in the Intelligence Report section. The money helps and tips are from the ICFE's Money Instruction Book, our course in personal finance.

The ICFE helps consumers and students with mending spending, learning about the proper use of credit, budget and expense guidelines, how to set up and implement a spending-plan and also how to access financial education courses and how to teach children about money. Other ICFE services include: Ask Mr. G library, a free eNews service, and an online resource center for students, parents and educators, plus financial education learning tools in the ICFE Book Store.



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San Diego, CA 92163-4070
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Phone 619-239-1401

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