National Get Smart About Credit Day: History, Facts & Insights

This is an in-depth look at all the must-know facts about National Get Smart About Credit Day (2024) 🗓️ that no one tells you about. National Get Smart About Credit Day is observed on October 20th.

Among the information you’ll find below: the history of National Get Smart About Credit Day, activities to do on and how to observe this holiday, as well as intriguing facts you may want to know about National Get Smart About Credit Day.

📅 What day is National Get Smart About Credit Day 2024?

In 2024, National Get Smart About Credit Day is on Friday, October 20th. It is the 3rd Friday in October; in 2024, it is Sunday. There are until the next observance. You also can see all the fun details and facts about October 20, 2023, that you might not be aware of.

Every year, on the third Thursday of October, we celebrate National Get Smart About Credit Day. This day is dedicated to the Get Smart About Credit (G.S.A.C.) initiative, where bankers offer their help to young people in improving their credit habits. It is important to learn how to build good credit, keep it in good shape, and keep track of your credit score. Developing financial responsibility is a crucial life skill that can be started at any age.

📜 National Get Smart About Credit Day History

The G.S.A.C. program provides free education to children through the efforts of bankers who volunteer their time and resources. All volunteers receive free materials to effectively teach kids about important financial skills such as banking, budgeting, credit ratings, identity theft, and paying for college. On the third Thursday of October, youngsters are given the opportunity to learn about financial management and gain long-term skills. This day offers various activities and webinars, with participation from numerous banks, including online ones. National Get Smart About Credit Day is solely focused on the financial development of young individuals and does not involve any hidden fees or expenses, thanks to the lenders who generously contribute to this cause.

✅ National Get Smart About Credit Day Facts

🔖 Credit utilization
The proportion of your credit card debt to your credit limit is a significant factor, making up 30% of your total credit score.

🔖 Credit history duration

🔖 Payment history
This component accounts for 35% of your total score, and even a single late payment can have an adverse effect.

👍 Why Is National Get Smart About Credit Day Important

National Credit Education Day serves as a yearly reminder to us to keep our finances in order.Whether you are new to financial planning or have planned for the next ten years, taking a minute to align or realign your habits with your objectives is always a good idea.

National Get Smart About Credit Day, with free events hosted around the country, provides you access to bankers and services you would not have otherwise. Even if your local bank does not participate, there are a plethora of internet tools available.

This program instills financial responsibility and independence in young people by teaching them the value of personal financial management. It enables people to manage their own finances and plan for the future.

🙂 How To Observe National Get Smart About Credit Day

⚡ Participate in the G.S.A.C. program

⚡ Check your credit score
If you haven’t done so already, take advantage of the opportunity to receive your free annual credit report. Thanks to FACTA regulations, one of the three credit agencies is obligated to provide it to you. By checking your credit score, you can assess the state of your finances.

⚡ Consult a financial advisor
Participate in a G.S.A.C. activity if you are a qualified participant or banker. There are other choices available, such as donating your time, providing a consultation, or attending a virtual lecture.

📅 When is National Get Smart About Credit Day?

Explore all 🔗 October holidays, including 🔗 Special Interest and other 🔗 Educational holidays.

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