Financial Literacy Seminar (Nov 19th): Credit scores and Consumer Debt

Please join us for the second event for the series of “Go Live” success seminars on “Financial Literacy.” Mrs. Lori Jankalski (Executive Vice President CCCS of MD & DE, Inc.) be talking to us about credit scores, credit reports, and consumer debt.

This seminar will be coupled with information that will be posted on the Financial Smarts website for financial literacy that will serve the UMBC campus community.

Wednesday November 19, 2014
Time: 1:00 pm – 2:00pm
Venue: UMBC Commons 331
Students from other schools may RSVP in the comment section for this post, or by sending email to
If you cannot attend in person, we plan to host a live webcast of the event. Here is the link:
Speaker: Lori Jankalski
Since 2008, Lori Jankalski is the Executive Vice President of Consumer Credit Counseling Service of Maryland and Delaware, Inc., (CCCS) a 501 (c) (3) non-profit credit and housing counseling organization that was founded in 1966.CCCS’s missionis to stabilize communities by creating hope and promoting economic self-sufficiency to individuals and families through financial education and counseling.CCCS provides services nationwide.

Lori retired in 2008 from Equifax Credit Information Services Inc., a national credit reporting agency after 40 years in various management positions. At the time of her retirement Lori was the Senior Executive Director of Credit Marketing Services and Analytics. Lori is a graduate of the College of Notre Dame, Baltimore, MD. Lori is a lifelong resident of Maryland and currently resides with her family in Sparks, MD.


The University of Maryland, Baltimore County (UMBC) has been selected to participate in an “Enhancing Student Financial Education” project for 2013-2015. Chosen as one of 15 awardees in a national competition, UMBC received a grant from the Council of Graduate Schools (CGS), a non-profit organization ( dedicated to advancing graduate education and research. Funded by a grant from TIAA-CREF, a leading financial services organization, CGS will develop models for providing financial education resources that help undergraduate and graduate students manage their money and hone their financial and debt management skills.   

GoLIVE! Seminars: UMBC will develop “Go Live” seminars that will showcase financial literacy resources on a new, interactive website. The online topics and segments will be coupled with “live” seminars that will be held throughout the year. Seminar topics include: Graduate Funding, Improving Credit Ratings, Financial Transitions, Life-long, Financial Planning, Budgets, and more. 


This seminar is co-sponsored by CGS. 

5 thoughts on “Financial Literacy Seminar (Nov 19th): Credit scores and Consumer Debt

  1. Today’s session was informative it provided insight on credit report and scores.
    Your credit score influence the credit that is available to you and the terms that lenders offer you. But what exactly shows up?
    You have four attributes to your credit report identification and employment information;
    Payment history,Public Record information,Inquires.
    When you apply for credit whether for a credit card, a car loan, or mortgage this is a form of an inquiry. Inquiries may stay on your credit report for two years. When lenders order your credit report they can also buy a credit score. Essentially a credit score is a complex mathematical model that estimates risks. What makes a good FICO scores have a 300-850 score range. The higher the score, the lower the lower the risk. Here are a few ways to improve your score. Pay your bills on time, refrain from closing old credit cards all at once, and dispute inaccurate information.


  2. Knowing how credit scores are calculated and how banks and other lenders use that information when a consumer is looking for credit is a murky subject at best, but Ms Jankalski answered all questions thoroughly. I think the only draw back of the session was that she couldn’t answer everyone’s questions and present her material within the time period of the presentation. I think my biggest take-away was knowing about, a website that can provide a free (no really) credit report. Going over one of the three agency’s report was easy, and now I have a better way to keep an eye on my credit history. Thank you for the informative and practical seminar!


  3. I am probably one of the minority of students who has already went through the process of applying for a mortgage, multiple cars for the family, etc. Throughout the mortgage process, I learned a lot of what Ms Jankalski spoke about regarding things that lower your credit, our realtor did inform us not to make any BIG purchases or other little things that may lower the score. One thing I did learn is that a parent can help their child establish credit early on. This was helpful to me because when my daughter gets older, I can open a joint account with her, monitor purchases and payments, and make sure everything is paid on time, so that I can start her out early on a great credit score! My parents did not do this for me (they maybe did not know that it would help), but now I know and can pass it on.


  4. As we get older there are naturally some expenses that come along with life, and even though mine is just piecing together, I can already tell you how much of a headache Lori has saved me in the future. I was always sort of aware of how credit scores worked, but not 100%. Not only did we learn the basics of the credit score, but also the loop holes and areas where we are most likely to make mistakes. I feel much more confident moving forward with certain aspects of my life. It was unfortunate that Ms. Jankalski could not finish, but she gave us all sorts of tools and resources in the time that she spoke. Very informative, cannot wait for more events like this one.


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