Financial Wellness

Managing money can be a challenge for many reasons. Cash is being replaced by credit cards, debit cards, and pre-paid cards which makes spending very easy and saving much more difficult. Money management is all about minimizing your debt, maximizing your income, and establishing your savings. We are here to help you gain the tools needed to become a skilled spender and saver.

Check your credit report at least once a year.  Your credit report will include information on all accounts under your name or associated with your social security number.  Consumers can receive free copies of their credit reports every 12 months from annualcreditreport.com.

Keep track of your credit report history using this FREE tool.

Credit Karma

Learn about credit reports and scores and find a sample dispute letter at www.Consumerfinance.gov/askcfpb.

For information recovering from identity theft visit www.ftc.gov/idtheft.

Check your Federal Student Loan information and balance at the National Student Loan Data System. You will need to make sure your FSA ID is set up to access your account.  There are eight different repayment options when it comes to your student loans.  Please review your options below and contact Enida Rehome with any questions or concerns you may have.

• Standard Repayment Plan
• Graduated Repayment Plan
• Extended Repayment Plan
• Pay As you Earn Repayment Plan (PAYE)
• Revised Pay as you Earn Repayment Plan (REPAYE)
• Income-Based Repayment Plan (IBR)
• Income-Contingent Repayment Plan (ICR)
• Income-Sensitive Repayment Plan

**IMPORTANT**   The PAYE, REPAYE, IBR, and ICR plans all offer forgiveness for remaining loan balances after a set period of time. But, these forgiven amounts may be treated as taxable income, which could potentially raise your tax bill.