Interim Report Reveals a Correlation Between Credit When Credit Is Due
Financial Literacy Education and Increased Credit Scores.
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Interim Report Reveals a Correlation Between Credit When Credit Is Due
Financial Literacy Education and Increased Credit Scores.

San Diego, CA - "Credit When Credit Is Due, a unique credit education course, available through
the award winning, non profit Institute of Consumer Financial Education (ICFE), based in
San Diego, CA, with over 45,000 graduates is getting the intended results; increased credit scores, interim studies show.

The Institute for Educational Leadership & Evaluation (IELE) released its interim report for the Credit Score Research project launched in 2003.
The report details IELE's findings in an eighteen-month study designed to determine how three personal finance interventions'counseling, debt management planning, and financial literacy education' influence a person's credit score.

Twenty-two credit counseling agencies representing nineteen states recruited individuals to
participate in this study. The study design includes five groups of participants, or cohorts,
who have participated in one of the three personal finance interventions.
The cohorts represent individuals who are:
(1) enrolled in or have completed Credit When Credit is Due.
(2) have received personal financial counseling only;
(3) have received counseling and who are in a debt repayment program;
(4) have received counseling and are enrolled in Credit When Credit is Due;
(5) have received counseling, are in a debt repayment program and
enrolled in Credit When Credit is Due.

Interim results indicate that cohorts including enrollment in Credit When Credit is Due
demonstrated the largest percentage of increase in an individual's credit score. In fact,
scores of those individuals enrolled in Credit When Credit is Due were on average
three to six times higher than those individuals who were not enrolled in the course.
Additionally, results reveal that study participants enrolled in Credit When Credit is Due
improved their credit score at a greater rate than those participating in counseling or debt
management only.

The Credit When Credit Is Due (CWCID) course, written to help consumers, individuals
and families become more knowledgeable and better managers of their personal finances,
is a series of twelve lessons or sessions that covers a wide range of topics from credit and debt management to handling personal finances responsibly. Over 45,250 graduates are now listed in the national data base. The cost of the Credit When Credit is Due course is $50.

Credit When Credit Is Due course outline:
Now considered the nation's foremost credit education program and available from the ICFE in English or Spanish, the 300-page Credit When Credit Is Due text will help users achieve security and
financial stability by providing money management skills and proven techniques promoting an
understanding of the wise use of credit.
The 12 lessons included in the Credit When Credit Is Due course are:
Lesson One: The Facts Of Life
What you need to know to get along as a financially responsible adult.
Lesson Two: Living On The Edge
How to budget and save your money, and plug your spending leaks.
Lesson Three: To Borrow Or Not To Borrow
How to decide if you should pay cash or borrow the money you need.
Lesson Four: So You Have Decided To Borrow Some Money
How to get through the credit-granting process once you decide to borrow.
Lesson Five: The Terms Of The Deal
How to determine if you are getting the deal you have bargained for.
Lesson Six: Auto Loans And Leases
One of the toughest deals to negotiate.
Lesson Seven: Home Sweet Home
The largest debt you are likely to ever have.
Lesson Eight: Credit Cards And Other Loans
What you need to know about credit cards, personal signature loans, etc.
Lesson Nine: You've Got Trouble When
How to tell you when you may have a problem.
Lesson Ten: When You Fall Behind
Dealing with delinquency and bill collectors.
Lesson Eleven: Bankruptcy
The ultimate credit overload
Lesson Twelve: Building And Rebuilding Your Credit
How to establish good credit when you have no credit history or even a bad credit past.

About the ICFE:

The Institute of Consumer Financial Education (ICFE) was founded in 1982 by the late Loren Dunton (creator of the Certified Financial Planner (CFP) designation).  The ICFE is dedicated to helping consumers of all ages to improve their spending, increase savings and use credit more wisely. 
The ICFE is an award winning, nonprofit, consumer education organization that has helped millions of people through its education programs and Resources. It publishes the Do-It-Yourself Credit File correction Guide, which is updated annually. The ICFE has distributed over one million Credit/Debit Card Warning Labels and Credit/Debit Card Sleeves world wide.

The ICFE became an official partner with the Department of Defense/Financial Readiness Campaign in June of 2004.The ICFE was an active partner in the California Student Debt Resource Awareness Project (CASDRAP) which resulted in a new web site: (  CASDRAP disbanded in 2010, shortly after the web site project was completed.  In 2011 the ICFE assumed the single sponsorship of the ( web site and is now responsible for its content and operation.

The ICFE is also an on-line help for consumers who spend too much.  ICFE's spending help was featured in PARADE Magazine in the Intelligence Report section. The money helps and tips are from the ICFE's Money Instruction Book, our course in personal finance.

Visit the ICFE's other web sites at: and  Both sites helps consumers and students with mending spending, learning about the proper use of credit, budget and expense guidelines, how to set up and implement a spending-plan and also how to access financial education courses and how to teach children about money. Other ICFE services include: Ask Mr. G,  a free eNews, and an online resource center for students, parents and educators, plus financial education learning tools and a book store.

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