Credit Cards

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What Are People Reading on the NGPF Blog?

Getting close to the end of June, so I thought it was worth checking our website analytics to see what new blog posts are garnering attention as the school year wound down in many parts of the country.

Here are the top 5:

NGPF Podcast: Tim Talks To Marla Blow, CEO of FS Card, Inc.

I really enjoyed the recent conversation I had with Marla Blow who is not your typical credit card executive. She runs a start-up credit card company (FS Card, Inc.) focused on helping subprime customers get their “sea legs” to establish a positive credit history.  In a sense, she has been preparing for this role for her entire career. You will hear about her odyssey from modeling losses in credit card portfolios during  the Great Recession to signing on as an early team member at the Consumer Financial Protection Bureau (CFPB) and will learn how these experiences inform her work today. Enjoy!

Details:

By |June 25th, 2017|Credit Cards, Credit Scores, New Products, Podcasts|

Article: What Can $15,001 Of American Girl Purchases Teach Us About Credit Card Fraud?

This is how it all began, innocently enough (from MarketWatch; 7 minute read):

I was at my desk the other day when my phone buzzed out a warning: My credit card had just been charged $1. No such dollar had been spent by me, but I didn’t think much of the notification. Typically, such unexpected charges have perfectly legitimate explanations given my various subscriptions and recurring monthly charges, all of which come at different and unexpected times.

How does a $1 charge turn into $15,000 worth of American Girl dolls? Read the article and find out!

Questions for your students:

By |June 20th, 2017|Article, Credit Cards, Current Events, Identity Theft, Research|

Quiz: How Well Do You Know Credit Cards?

Hat tip to Jessica for the heads-up on this resource (yes, the NGPF team does spend hundreds of hours looking for great resources!) Take this NerdWallet 14 question quiz and find out. Please note that there are some tricky questions here that will lead to valuable classroom discussions (I learned some new things):

What I’m Reading This Week (ending June 9th)

  • What are the ramifications of an aging population around the world (Visual Capitalist
    infographic
    )? Among other elements, it has neat map showing percentage of population in each state over
    the age of 65: 
  • Hat tip to Hari (newest NGPF team member) for pointing out this article and interactive about robots taking over
    the workplace (Daily
    Mail
    ):

Researchers have warned that

Teacher Feedback on our Credit Units — Thanks, Maureen!

NGPF Fellow Maureen Neuner is consistently in touch with us here at NGPF, which we love love love! Her most recent feedback seemed worth sharing, as it might entice some of you to check out our credit units for use next year. Here’s Maureen’s email [with comments from Jessica in brackets]…


Question: What’s the Average Credit Score in the U.S.?

Answer (from WSJ; subscription): 700 as of April, 2017

More from WSJ:

Credit scores for U.S. consumers reached a record high this spring while the share of Americans deemed to be some of the riskiest borrowers hit a record low—a potential boon for lending and economic activity.”

As for the reasons why credit scores continue to climb:

NGPF Podcast: Tim Talks To Teacher-Innovator Tara Kelley of Harwood Union HS (Vermont)

I had a great conversation recently with NGPF Teacher Innovator Award winner, Tara Kelley, a math teacher from Harwood Union High School in Duxbury, Vermont. Tara created a Spring Break Project (who doesn’t want to plan a spring break vacation?) which allowed her students to explore the cost of using a credit card to pay for their Spring Break vacation. They learned through this activity the impact that changing their monthly credit card payments has on the total interest paid as well as the importance of paying off a credit card balance in full every month. Enjoy!

Details: