Senator Chris Van Hollen to Discuss Importance of Financial Literacy
Leading analytics software firm FICO, will host a free financial education online event for Baltimore-area residents on August 27 to provide consumers with knowledge and tools to gain better insight into their financial health. Senator Chris Van Hollen will join the event to provide opening remarks on the importance of increasing financial literacy throughout Baltimore communities.
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“The financial damage of this pandemic is felt far and wide by Maryland families. As they try to weather this storm and look ahead to the reopening of our economy, increasing financial literacy is crucial to the effective management of our resources. Armed with the right information and tools, Marylanders have a better chance to chart a secure financial future and improve their credit scores. I’m glad to join FICO in this effort to provide useful information and free financial tools to Baltimore consumers. I will continue working to increase financial literacy and expand economic opportunity for all Marylanders,” said Senator Van Hollen.
The event is part of FICO’s “Score A Better Future” program, which focuses on helping consumers improve their understanding of their credit and overall financial health. Consumers will learn from credit experts what the key ingredients are that make up the FICO® Score, and the myths and facts about FICO Scores, which are used in more than 90 percent of lending decisions (Mercator Advisory Group Analyst Report 2018).
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FICO has partnered with Operation HOPE to provide attendees with the opportunity to make appointments for free one-on-one credit coaching from non-profit financial well-being coaches to help attendees develop a plan to address their financial goals.
Other FICO partners for the event include:
Consumer Action
National Urban League
National Consumers League
NAREB
100 Black Men of America, Inc.
Maryland Council on Economic Education
Women’s Housing Coalition
Baltimore City Chamber of Commerce
Black Professional Men, Inc.
Bowie State University
Habitat for Humanity of the Chesapeake
Civic Works
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