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Healthy wallets

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Credit and debt

There's a good chance your family uses credit of some kind, whether it's a bank loan, credit card, payment plan at the store, or personal loan from a family member. Credit can help us get things we need and things we want, but it should be used wisely. If you use too much credit or have too many debts with too many people, financial decisions can quickly become complicated.

Building credit without a social security number — Understand your options for building credit with an individual taxpayer​ identification number (ITIN). English | español

Checking your credit report — Find out what a credit report is and how to get your to check for costly errors.

Filing for bankruptcy — Distinguish between the different types of bankruptcy and find out how to file.

How much debt is too much debt? — Calculate your debt-to-net income ratio to find out if you are carrying too much debt.

When is gambling a problem? — Learn the signs of problem gambling and how to start the conversation. English | español

Equifax data breach resources

The Fallout of the Equifax Data BreachMinnesota Public Radio — Listen to the radio program that discusses the Equifax data breach and what you can do about it. It features Extension Educator, Sharon Powell.

Top 10 Ways to Protect Yourself in the Wake of the Equifax Data BreachConsumer Financial Protection Bureau — Whether or not you are among the millions of people affected by the recent Equifax data breach, there are several steps you can take to respond when your personal information is exposed in a data breach. Also available in Spanish: Las 10 mejores maneras de protegerse tras la filtraciόn de informaciόn en Equifax.

Data Breaches, Credit Freezes, and VigilanceeXtension — Get links to other web resources that can help you navigate this topic.

Related resources

Credit issues with divorce — Things to consider relating to credit and divorce.

Talking with creditors — Reduce your chances of being harassed by creditors or collection agencies by working out solutions for debt repayment early.

Dollar Works 2 — Teach others how to manage their personal finances and make sound decisions about money. This comprehensive curriculum has units on using credit wisely, managing debt, and more.

Debts and Deceased Relatives — Federal Trade Commission — Understand the law around who pays debts if the person who owes dies.

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