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""Freddie Mac"":http://www.freddiemac.com/ announced it is now offering a free, online ""CreditSmart tutorial"":http://www.freddiemac.com/creditsmart/consumer_training.html to provide working families and new or inexperienced borrowers with basic sound information about building savings, personal credit, and making wise financial choices.
[IMAGE]CreditSmart is a comprehensive financial education curriculum that has reached more than three million consumers in 44 states through lenders, churches, schools, [COLUMN_BREAK]
and non-profit organizations, Freddie Mac explained in a release. The GSE developed the program in partnership with five historically black colleges and universities in 2001 to provide a complete, multilingual financial education curriculum.
The online tutorial offers individual modules on banking, budgeting household income, building personal savings and credit, understanding credit scores, avoiding credit traps, getting a mortgage, and closing a loan--all topics to benefit future borrowers. For current homeowners, the tutorial includes modules tailored to help avoid foreclosure, maintain their home, and succeed as long-term homeowners.
""Our new online CreditSmart tutorial is a stepping stone to homeownership, especially for working families who are unsure how to start household budgets or build the personal savings and strong credit for the future,"" said Christina Diaz Malone, VP of corporate relations and housing outreach for Freddie Mac. ""Today's announcement underscores Freddie Mac's commitment to help America's next generation of borrowers achieve long-term financial stability.""
