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Understanding and Managing Your Credit Report

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Course Description

Credit governs everyone's lives. It is what allows people to buy a house, get a car, have a credit card and generally live a life they cannot really afford. Sadly, many people get into a debt spiral that soon goes out of control. They have trouble keeping their head above water, and soon they fall under as the weight of debt drags them down.


Thankfully, credit can be managed and all it takes is having the ability to change how one lives their life. By implementing the lessons explained in this course, an individual will be able to take their credit and repair it.

This is not to say that it will be easy. If anything, it will be very difficult to do. They will be struggling to keep their head above water, but as they persevere, they will be able to slowly fix their credit and get credit relief.


Credit scoreThe statistics are staggering with how many people suffer from credit problems. Millions, with that number growing because of the economy, are actually using credit to keep their heads above water. This is a losing strategy that only results in them losing nearly everything they have as the water quickly pulls them under and the debt rock shows no signs of letting go.


There are many ways that a person can get rid of debt, and they are covered in this course. These include:


  1. Understanding Credit
  2. Understanding a credit score
  3. Understanding how credit is affected
  4. Understanding Credit Cards
  5. Understanding Foreclosure
  6. Understanding Bankruptcy
  7. Understanding the Debt to Income Ratio
  8. Understanding the Debt Spiral
  9. Finding Debt Counseling
  10. Finding Debt Consolidation
  11. Learning to live within one's means
  12. Learning how to budget
  13. Knowing how to stay on track
  14. Understanding Credit Reports
  15. Fixing Credit Errors


These must be done right, and cannot be rushed. To get out of debt and realize credit relief, one has to work hard to do so. This course will explain how to repair credit using the tips that have helped millions of other people raise their credit score hundreds of points through know-how and determination.

  • Completely Online
  • Self-Paced
  • Instructor Feedback
  • 6 Months to Complete
  • 24/7 Availability
  • Start Anytime
  • PC & Mac Compatible
  • Android & iOS Friendly
IACET Accredited Provider
Universal Class, Inc. has been approved as an Accredited Provider by the International Association for Continuing Education and Training (IACET). In obtaining this approval, Universal Class, Inc. has demonstrated that it complies with the ANSI/IACET Standard which is widely recognized as the Standard of good practice internationally. As a result of their Accredited Provider status, Universal Class, Inc. is authorized to offer IACET CEUs for its courses that qualify under the ANSI/IACET Standard.

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Course Lessons

Average Lesson Rating: (781 votes)
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"Extraordinarily Helpful"
5/25/2016 6:56:24 PM
  • Lesson 1: What Is Credit?

    What Is Credit?
    Forms of Credit
    Credit Stats
  • Lesson 2: What Is A Credit Score?

    What Is A Credit Score? FICO Score How Is The Score Calculated? Range of Scores
  • Lesson 3: How Is Your Credit Affected?

    How Is Your Credit Affected? Paying Bills Applying For Credit Credit Cards Foreclosure Bankruptcy
  • Lesson 4: Credit Cards

    Credit Cards How Many Cards? Minimum Payments Cash Advances
  • Lesson 5: Foreclosure

    Lesson 5: Foreclosure
  • Lesson 6: Bankruptcy

    Lesson 6:Bankruptcy
    Bankruptcy and Credit Score
    Bankruptcy Statistics
  • Lesson 7: Debt-to-Income Ratio

    Lesson 7: Debt-to-Income Ratio
    Why Does It Matter?
    How Do You Lower It?
    What Is The Best Ratio?
    What Is The Worst Ratio?
  • Lesson 8: The Debt Spiral

    Lesson 8: The Debt Spiral
    Getting Out of the Spiral
  • Lesson 9: Debt Counseling

    Lesson 9:Debt Counseling
    A Brief History of Credit Counseling
    A Good Choice?
    Be Careful
  • Lesson 10: Debt Consolidation

    Lesson 10: Debt Consolidation
    When To Get It
    Predatory Lending
    Loans Versus Debt Consolidation
  • Lesson 11: Living in Your Means

    Lesson 11: Living In Your Means
    Credit Is Not Cash
    Limiting Purchases
    Planning Ahead
    Sell What Is Not Needed
    Think About Purchases
    Go for Lower Interest Rates
  • Lesson 12: Budgeting

    Lesson 12: Budgeting
    Making a Budget
    Things That Can Ruin a Good Budget
    What About Slip-Ups?
  • Lesson 13: Tips for Staying on Track

    Lesson 13: Tips for Staying on Track
    Can it Be Done?
  • Lesson 14 : Credit Reports

    Lesson 14: Credit Reports
    How Often to Check?
    Who Provides Them?
    How Many Use Credit Reports?
    Advantages of Credit Reports
  • Lesson 15: Credit Errors

    Lesson Fifteen: Credit Errors
    How to Prevent Them
    Fix the Errors
    Keeping Detailed Records
    How Much Can It Damage?

Additional Course Information

Online CEU Certificate
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Document Your CEUs on Your Resume
Course Title: Understanding and Managing Your Credit Report
Course Number: 8900102
Languages: English - United States, Canada and other English speaking countries
Course Type: How To
CEU Value: 0.6 IACET CEUs (Continuing Education Units)
CE Accreditation: Universal Class, Inc. has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET).
Grading Policy: Earn a final grade of 70% or higher to receive an online/downloadable CEU Certification documenting CEUs earned
Assessment Method: Lesson assignments and review exams
Instructor: John Chouinard
Syllabus: View Syllabus
Duration: Continuous: Enroll anytime!
Course Fee: $50.00 (no CEU Certification) || with CEU Certification: $75.00

Learning Outcomes

By successfully completing this course, students will be able to:
  • Define what credit is.
  • Describe what a credit score is.
  • Describe what affects your credit score.
  • Define what a credit card is how that affects your credit score.
  • Describe the foreclosure process and what it does to your credit report.
  • Describe the bankruptcy process and how that affects your credit report.
  • Define the Debt to Income Ratio.
  • Summarize how people end up in a 'debt spiral'.
  • Summarize the pros and cons of debt counseling.
  • Summarize the pros and cons of debt consolidation.
  • Summarize methods to live within your means.
  • Create a budget.
  • Request your credit reports.
  • Summarize methods to correct errors on your credit reports, and
  • Demonstrate mastery of lesson content at levels of 70% or higher.
Lesson 1: Overview of CreditAssignment25
Quiz for Lesson 1 : What Is Credit?Exam8
Lesson 2: Credit ScoresAssignment25
Quiz for Lesson 2 : What Is A Credit Score?Exam10
Lesson 3: Factors Affecting CreditAssignment25
Quiz for Lesson 3 : How Is Your Credit Affected?Exam8
Lesson 4: Credit Cards: an overviewAssignment25
Quiz for Lesson 4 : Credit CardsExam9
Lesson 5: Dealing with ForeclosureAssignment25
Quiz for Lesson 5 : ForeclosureExam10
Lesson 6: Dealing with BankruptcyAssignment25
Quiz for Lesson 6 : BankruptcyExam9
Lesson 7: Detailing Debt to Income RatioAssignment25
Quiz for Lesson 7 : Debt to Income RatioExam9
Lesson 8: Getting out of Debt SpiralAssignment25
Quiz for Lesson 8 : The Debt SpiralExam9
Lesson 9: Need for Debt CounselingAssignment25
Quiz for Lesson 9 : Debt CounselingExam10
Lesson 10: Consolidating Your DebtAssignment25
Quiz for Lesson 10 : Debt ConsolidationExam10
Lesson 11: Financial PlanningAssignment25
Quiz for Lesson 11 : Living In Your MeansExam9
Lesson 12: Importance of Systematic BudgetingAssignment25
Quiz for Lesson 12 : BudgetingExam10
Lesson 13: Staying On TrackAssignment25
Quiz for Lesson 13 : Tips For Staying On TrackExam9
Lesson 14: Advantage of Credit ReportsAssignment25
Quiz for Lesson 14 : Credit ReportsExam9
Lesson 15: Looking out for Credit ErrorsAssignment25
Quiz for Lesson 15 : Credit ErrorsExam9
The Final ExamExam64
Total Points:577

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Student Testimonials

  • "This class teaches more than Managing Credit. It deals with debt, debt to equity, debt to income ratios, budgeting, and more. I would recommend it to a lot of young people who are starting out before they become innudated with debt." -- DrEarl W.
  • "the instructor is very diligent. Always communicated the results in a timely fashion." -- Nestor M.
  • "Very helpful information about repairing credit. I enjoyed taking this course." -- Marie C.
  • "My instructor was the greatest. He always got back with me in a timely matter and gave me excellent answers. I hope I get his for all my others classes that I will be taking with Universal Class." -- Glenda W.
  • "The court was perfect. HE'S a Great instructor." -- Janet D.
  • "Every part of the course was helpful to me. I used to deal with credit repair years ago so this was like a refresher course.It was a very helpful experience." -- Hector R.
  • "Great subject! Great instructor! I love Universal Class!" -- Carmen R.

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