Date
Saturday
Mar

March 1-31

National Credit Education Month

This National Credit Education Month, take charge of your finances and learn how to improve your credit score with our helpful tips and resources!

Yearly Date
March 1
Type
Month
Category
Cause

Introduction

Are you ready to improve your financial literacy and take control of your credit? March 1 marks the start of National Credit Education Month – a month-long celebration dedicated to educating individuals on the importance of understanding and managing their credit. This month also serves as a reminder for people to review their credit reports, learn about credit scores, and make responsible financial decisions. With the right knowledge and resources, anyone can achieve a good credit standing and pave the way towards financial success. So let's kick off this month with enthusiasm and a determination to achieve our credit goals!

National Credit Education Month Timeline

1950
Birth of Credit Reporting
Dun & Bradstreet became an early pioneer in credit reporting, collecting credit information and businesses globally.
1968
Fair Credit Reporting Act
The U.S. passes the Fair Credit Reporting Act, ensuring accuracy, fairness, and privacy of the personal information in credit reporting agency files.
1970
Advent of Credit Scores
Fair, Isaac, and Company (now FICO) introduces the FICO score, providing a quick way to assess a person's credit risk.
1989
Credit Score Dominance
FICO scores become the dominant system for determining creditworthiness in the U.S., used by major credit card issuers, auto lenders, and mortgage companies.
2003
Fair and Accurate Transaction Act
The FACT Act allows consumers free access to their own credit reports once per year, promoting credit education and awareness.
2013
National Credit Education Month
National Credit Education Month is officially recognized, encouraging individuals to understand and responsibly manage their credit.

How to Celebrate National Credit Education Month

1

Attend a financial literacy workshop

Take advantage of events and workshops focused on educating people about credit and personal finance. Look for free workshops at local libraries, community centers, or even online.

2

Read a book on credit education

Expand your knowledge about credit by reading a book on the subject. There are plenty of books available that cover topics such as credit scores, budgeting, and responsible credit card use.

3

Create a budget and stick to it

Use National Credit Education Month as an opportunity to evaluate your finances and create a budget that works for you. Make it a goal to stick to your budget and improve your credit score.

4

Share credit education resources with friends and family

Spread the knowledge by sharing helpful resources and tips about credit education with your loved ones. This can be as simple as sharing informative articles or recommending a good financial advisor.

5

Celebrate your progress

Celebrate National Credit Education Month by acknowledging your progress towards improving your credit score and achieving financial stability. Treat yourself to something small as a reward for your hard work.

Why National Credit Education Month is Important

A

It promotes financial literacy

National Credit Education Month is an important reminder for people to educate themselves about topics such as credit scores, budgeting, and debt management. By understanding these concepts, individuals can make informed decisions about their finances and avoid falling into debt traps.

B

It encourages responsible credit usage

By highlighting the importance of credit education, this month also promotes responsible spending habits. It reminds individuals to use credit wisely, only taking on debt they can afford to pay back and making timely payments to improve their credit score.

C

It helps people achieve financial goals

National Credit Education Month aims to empower individuals to take control of their finances and set achievable financial goals. This could include paying off debt, saving for a down payment on a house, or improving their credit score. With proper education, people are better equipped to achieve their financial dreams.

National Credit Education Month Dates

Year
Date
Day
2023
Feb 28
Tuesday
2024
Feb 29
Thursday
2025
Feb 28
Friday
2026
Feb 28
Saturday
2027
Feb 28
Sunday