Wells Fargo is celebrating National Get Smart About Credit Day today by launching a series of educational videos and an online quiz.
Wells Fargo’s credit education videos are available at its Smarter Credit Center page. The online quiz can be accessed at the Wells Fargo Labs page. The bank, one of the nation’s largest, wants consumers to use credit wisely as to avoid falling into debt or delinquency.
“Credit and how one qualifies can be a mystery to a lot of people,” said Jamie Moldafsky, an executive VP in Wells Fargo’s Home Equity Group who is leading the company’s Smarter Credit initiative. “With today’s economic challenges, it’s more important than ever for consumers to understand credit and debt management. We have developed numerous tools for consumers to learn more about their credit, so they are better equipped.”
Educational Videos, Online Quiz
Wells Fargo has produced four videos on the topic of credit to help teach people — no matter if they are new to credit or not — about the risks and benefits of credit.
The videos are about the basics of credit, how to establish and maintain credit, the “Four C’s” of credit and preventing identity theft.
Wells Fargo’s “Smarter Credit Quiz” consists of six questions meant to test your credit know-how. The quiz could give you an idea of whether you need to learn a bit more about credit before opening a new card.
Here’s an example of one of Wells Fargo’s introductory videos:
About the Day
National Get Smart About Credit Day, created by the American Bankers Association Education Foundation (ABAEF), is in its eighth year.
The event is meant to educate consumers on how to use credit responsibly and about how important credit is to maintaining a healthy financial life.
“Get Smart About Credit Day is an opportunity to teach our customers and the community the importance of credit,” said Angel Zapata, VP and national manager of Wells Fargo Hands on Banking. “We hope these resources will help our customers understand how to manage credit and personal finances to become financially secure.”