Perry Paige Auditorium was the place to be at Florida A & M University on Wednesday February 17, 2010. At 5 pm, Joy Ellington and Mr. Simms introduced a presentation to seated Rattlers about the FDIC and how to manage and grow finances.
As PRodigy associates assisted with the growing number of attendees at the "Who Wants to be a Millioniare" workshop, the audience acknowledged the foundation to building wealth. News such as the "Four C's" of creditor's decision making process was shared. Being aware of the connection amongst capacity, capital, character and collateral, also known as the "Four C's," will allow individuals to enhance his or her intellect on finances. Recognizing how money works can allow better provision of funds. Budgeting, investing, and saving are forms of money management that may condition finances to grow.
Ellington and Simms acquainted the audience on the importance of credit. Differences between good credit and bad credit were discussed in the workshop; enlightening all on the significance of FICO scores, which ranges from 300-900.
The FDIC representatives shared websites that should be considered in regards to financial development and growth. Two are www.bankrate.com and annualcreditreport.com.
A reception was held Immediately following the workshop for individuals present.
The FDIC insures the money placed in banks. It was set up in the 1930's during the Great Depression. Visit www.fdic.gov for more information on the Federal Deposit and Insurance Corportation.
PRodigy is a public relations firm run by Florida A & M University students. The 2010 advisor for PRodigy is Gina Kinchlow. For more details about PRodigy and the company's services call 850-412-5389.
FICO stands for the Fair Issac Company. Visit www.myfico.com for details.
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