Connect with us

Advice

Protect Your Buying Power- Know Your Credit Score

If you are getting ready to make a large purchase and plan to apply for new credit, such as a home or car loan, review your credit report and score to help you apply with confidence. Credit scores and credit history help lenders determine how much credit they will offer and at what interest rate. Sometimes, scores also can be affected by inaccuracies on your report, so checking ahead of time will help you identify and resolve potential issues before a lender does a credit check.

Published

on

Myesha Brown, JP Morgan Chase & Co. Local Community Manager.
Myesha Brown, JP Morgan Chase & Co. Local Community Manager.

April is Financial Literacy Month, and JP Morgan Chase wants to make sure customers know how important it is to know your credit score, what it means and how to build and protect it.

Your credit score is a number that tells a story of who you are as a customer. The good news is that understanding how it works and monitoring it can help you take control of the story over time.

Credit scores are determined by agencies called credit bureaus and are based on the accounts you have opened, and how and when you pay down debt. When you apply for credit, lenders check your credit score, credit report, credit history and other items to decide whether they will approve your request, and then how much they can offer you and what interest rate you will pay. Because of that, credit scores are important for your overall financial health.

“Knowing how credit works and why your score matters can help you make more confident decisions about your money. Sometimes, people only learn about the importance of their score when a credit application gets rejected. It is important to start building your credit before you need to use it,” said JP Morgan Chase Local Community Manager Myesha Brown.

Here are five key tips to help you make the most of your score and build it over time:

Learn your number. Knowing your credit score is the first step. There are many free credit check tools available that work by doing a ‘soft pull’ that won’t affect your score. One example is Credit Journey by Chase. You can also request your credit report from all three credit bureaus for free once a year. The Federal Trade Commission – a government agency that supports consumer rights—offers more information at https://consumer.ftc.gov. You can also visit www.annualcreditreport.com.

Know how your score is calculated. There are six key areas that make up a credit score:

  • your payment history
  • how much you owe on your debts or balances
  • new accounts or credit opened
  • credit checks
  • available credit
  • and your credit history or how long you have kept an account open.

These factors determine your score and influence any changes, however the most important one is making payments on time, which accounts for about 40% of the score[1].

Build your credit. Scores can range from 300 to 850. According to the credit bureaus, a score of about 700 is considered “good.” To build your score, pay bills on time and consider setting up automatic payments. If possible, pay down any debt you can, and only apply for accounts you need.

Prepare for large purchases. If you are getting ready to make a large purchase and plan to apply for new credit, such as a home or car loan, review your credit report and score to help you apply with confidence. Credit scores and credit history help lenders determine how much credit they will offer and at what interest rate. Sometimes, scores also can be affected by inaccuracies on your report, so checking ahead of time will help you identify and resolve potential issues before a lender does a credit check.

Only apply for credit when you need to. When you apply for new credit, lenders do a “hard pull”—which means getting access to your full report—which may cause your score to decrease. However, if you use credit monitoring tools, it results in a “soft” pull of information and does not impact your score.

Chase Community Center branches host workshops on credit health, as well as how to budget and save. You can find out more visiting Chase’s Oakland Community Center at 3005 Broadway Ave.

To access free information, tools and resources to help support your financial health, visit www.chase.com/financialgoals.

This report comes from the Communications Department of the Northern California Division of JP Morgan Chase & Co.

Activism

Leading with Action, Love and Data Points: Six Questions for the California Black Women’s Collective

“Black Women in California have always had to be active participants in the labor market, but this report showcases the need for fair and just wages even for those of us with higher educational attainment,” said Kellie Todd-Griffin, President and Chief Executive Officer of the California Black Women’s Collective.

Published

on

Kellie Todd Griffin, CEO CA Black Women’s Collective Empowerment Institute.
Kellie Todd Griffin, CEO CA Black Women’s Collective Empowerment Institute.

By Edward Henderson | California Black Media

The California Black Women’s Collective (CABWC) is a sisterhood of women from different professional backgrounds aiming to uplift and address the issues impacting Black women and girls in the state. They approach problem-solving with a range of expertise — from politics, business, and community advocacy to the arts, entertainment, social justice activism, and more.

Earlier this month, the organization released a wage report focused on Black women’s earnings in California titled “Pay Me What I am Worth.”

“Black Women in California have always had to be active participants in the labor market, but this report showcases the need for fair and just wages even for those of us with higher educational attainment,” said Kellie Todd-Griffin, President and Chief Executive Officer of the California Black Women’s Collective.

“Black Women in California wages are below the state mean wage and make less than most of their female counterparts in every category,” continued Todd-Griffin. “We must take action now.”

CABWC’s Black Girl Joy Festival is an event designed to uplift Black Women and Girls in a safe space while learning and having fun. The festival includes free workshops that prepare women for college, dancing, self-defense training, health screenings, yoga, arts & crafts, and food vendors.

The Collective’s Empowerment Institute, launched in collaboration with the Los Angeles-based research firm EVITARUS, produces the annual California Black Women’s Quality of Life Survey.

California Black Media spoke with Todd-Griffin about the organization’s impact, challenges it faces and some of its near-term plans.

What does your organization do to improve the lives of Black people in California?

The California Black Women’s Collective Empowerment Institute’s uplifts the issues and voices of Black Women and Girls in California through our programming. That includes the Black Women’s Worker Initiative that helps Black Women prepare for public section and non-traditional careers. Other initiatives are the CA Black Women’s Leadership Development Certificate program at CSU Dominguez Hills; Black Girl Joy Festival for middle and high school students; Conversations for Black Women, etc. Our targeted research also uncovers solutions to the toughest challenges Black women and girls face.

What was your greatest success over the course of the last year?

We released the first-ever California Black Women’s Quality of Life Survey. This study collected insights from 1,258 Black women voters across California to understand their economic state, most pressing concerns, their attitudes toward policymakers, and their experiences and issues in California.

In your view, what is the biggest challenge Black Californians face?

Black Californians, especially Black Women, continue to be left out of the conversation when it comes to building meaningful change to improve the lives of those who struggle the most.

What was your organization’s biggest challenge?

Our biggest challenge over the last year was transitioning from a volunteer driven entity, the California Black Women’s Collective, to creating a non-profit organization, the California Black Women’s Collective Empowerment Institute.

Does your organization support or plan to get involved in the push for reparations in California?

Absolutely!

How can more Californians of all backgrounds get involved in the work you’re doing?

We are on all the social media channels. They can also visit our website, www.CABlackWomensCollective.org.

 

Continue Reading

Activism

The Silent Struggle of Pregnancy Loss

It is a tragedy that Black women’s odds of pregnancy loss are much higher than the general population. It’s even more tragic that there is a Black woman reading this article who has experienced pregnancy loss and has suffered in silence. There are an array of feelings associated with pregnancy loss, and women often feel alone and isolated in these feelings believing that no one understands what they are going through.

Published

on

Narissa Harris. Photo Credit Art Harris
Narissa Harris. Photo Credit Art Harris.

By Narissa Harris, LMFT

The topic and contents of this article may be difficult for some readers. Yet, it is of paramount importance to shed light on the silent struggle of pregnancy loss experienced by countless women.

During the holiday season, we often assume everyone is in a festive, happy mood. However, this time of year is filled with mixed emotions and can be especially difficult for Black women, who are 2-3 times more likely to experience a pregnancy loss compared to other women. Pregnancy loss (the death of an unborn baby/fetus during pregnancy) is experienced by 10-15% of women and doubles to 20-30% for Black women. Additionally, Black women are 3 times more likely to have a stillbirth in comparison to other women.

It is a tragedy that Black women’s odds of pregnancy loss are much higher than the general population. It’s even more tragic that there is a Black woman reading this article who has experienced pregnancy loss and has suffered in silence. There are an array of feelings associated with pregnancy loss, and women often feel alone and isolated in these feelings, believing that no one understands what they are going through.

Whether you are aware that someone has experienced pregnancy loss, or you have experienced pregnancy loss yourself, we must be sensitive and supportive to the women in our lives during this time of year. I encourage the following:

#1 – Don’t ask a woman about her uterus!

Yes, I know this is blunt and harsh, but it is important to be mindful of the trauma that may be triggered when asking a woman when she plans to have a baby. I will never forget being at a holiday party when a family member asked me when I was planning on having kids, unaware that I experienced my 3rd pregnancy loss just 6 weeks prior. It was triggering, upsetting, and annoying. While my husband and I were eventually blessed with 2 healthy children, I share my experience to reiterate the immediate and long-term harm caused by these types of invasive inquiries.

#2 – Connect with a supportive community!

If you are someone who has experienced a pregnancy loss or know a woman who has, it is vital to connect with a safe and supportive community even when everything is telling you (or that woman) to isolate. While no one in the chapter knew that I was dealing with pregnancy loss at the time, my connection with the Bay Area Chapter of the Association of Black Psychologists (Bay-ABPsi) served as a healing and uplifting space for my grief/loss. I learned from Baba Dr. Wade Nobles, who describes babies as divine and the closest beings to God. I want you to remember that connecting with our spiritual community and ancestors can offer healing and support.

#3 – Never lose hope!

To the women who have experienced pregnancy loss, it’s easy to believe that a successful pregnancy will not happen but keep the hope. Take the time you need to grieve and release the baby (or babies), allowing your womb to heal. View the lost pregnancy in terms of a spirit with a Divine purpose, even if it was short-lived, with you being the vessel for that Divine purpose. Believe and prepare for your baby, who will survive and succeed beyond the womb to fulfill their Divine purpose!

Bay ABPsi is a healing resource committed to providing the Post Newspaper readership with monthly discussions about critical issues in Black Mental Health. Readers are welcome to contact us at bayareaabpsi@gmail.com and join us at our monthly chapter meetings every 3rd Saturday via Zoom.

Continue Reading

Advice

BOOK REVIEW: “The Day After Yesterday: Resilience in the Face of Dementia”

Well into his twenties, Joe Wallace was asked to sit with his “Granddaddy Joe” while Wallace’s mother and grandmother ran errands. His grandfather was once a vibrant man, and he’d been Wallace’s “hero,” but Alzheimer’s had put a curtain of sorts between them, and Wallace was “so frightened to be left alone with him.” It didn’t take long for him to realize that day that his grandfather was full of stories, and it was “magical.” He applied the same kind of patience when his grandmother began to experience dementia, too, and this spurred Wallace to tell a story of his own with his camera.

Published

on

By Terri Schlichenmeyer

Sometimes, Mom talks a lot of nonsense.

She talks in random syllables, half-jokes, thoughts that come out of her mouth backwards or mixed up. You try, she laughs, you laugh, pretending that you understand but you don’t. Mom has dementia and there’s nothing that’ll fix it, but you can read “The Day After Yesterday” by Joe Wallace and change the conversation.

Talk about your awkward encounters.

Well into his twenties, Joe Wallace was asked to sit with his “Granddaddy Joe” while Wallace’s mother and grandmother ran errands. His grandfather was once a vibrant man, and he’d been Wallace’s “hero,” but Alzheimer’s had put a curtain of sorts between them, and Wallace was “so frightened to be left alone with him.”

It didn’t take long for him to realize that day that his grandfather was full of stories, and it was “magical.” He applied the same kind of patience when his grandmother began to experience dementia, too, and this spurred Wallace to tell a story of his own with his camera.

The portraits he captured eventually became an exhibit, and this book.

“In the United States,” Wallace says, “one in three seniors suffers with Alzheimer’s or another dementia at the time of their death.” Nearly $700 billion dollars annually is spent caring for people with dementia. Alzheimer’s, as one of Wallace’s subjects points out, affects Black seniors more often than it does whites. For that matter, people with dementia need not be seniors: early-onset Alzheimer’s can affect someone in their early 20s.

Listen, Wallace’s subjects almost always say, and don’t hide a diagnosis of dementia. There’s no shame in it. Reach out to others who’ve received the diagnosis. Ask for help. Watch for suicidal thoughts and depression. Ask for stories, before they’re lost, and be honest about what’s going on. You can’t change the diagnosis, but you can change your attitude toward it.

It’s called The Long Goodbye for a reason – and yet, your loved one with dementia is still on this side of the sod and you know there’s still some there there. In “The Day After Yesterday,” you’ll get a new point-of-view, for both of you.

In his introduction interview, author Joe Wallace explains how he came to understand that “we could all do so much better” for those with cognitive disabilities, including Alzheimer’s, and why eliminating fear and awkwardness is essential. Readers will be quite taken by the then-and-now pictures and by the conversations Wallace captured.

But beware: this isn’t a book on caregiving or advice-giving. It’s a delightful, heartbreaking, tearful, surprising collection of profiles of everyday people in their own words, people who go with the flow and deal with tomorrow when it comes. Yes, you’ll find advice here, but it pales in comparison to the presence that Wallace’s subjects and their families exhibit.

This powerful book is great for someone with a new dementia diagnosis; it proves that life is not over yet. It’s likewise great for a caregiver, gently ushering them toward grace.

Get “The Day After Yesterday. It’s time for a talk.

“The Day After Yesterday: Resilience in the Face of Dementia” by Joe Wallace

c.2023, The MIT Press. $34.95; 157 pages.

Continue Reading

Subscribe to receive news and updates from the Oakland Post

* indicates required

CHECK OUT THE LATEST ISSUE OF THE OAKLAND POST

ADVERTISEMENT

WORK FROM HOME

Home-based business with potential monthly income of $10K+ per month. A proven training system and website provided to maximize business effectiveness. Perfect job to earn side and primary income. Contact Lynne for more details: Lynne4npusa@gmail.com 800-334-0540

Facebook

“Menthol cigarettes have had a devastating and disproportionate impact on the health of Black Americans,” said Yolanda Lawson, President of the NMA. “Smoking related diseases are the number one cause of death in the Black community.”
Business3 days ago

Banning Menthol Cigarettes: California-Based Advocacy Group Joins Suit Against Federal Govt.

Alameda District Attorney Pamela Price’s future will be determined on the November General Election ballot instead of a special recall election. On the left, DA Pamela Price. On the right, principal officer of the recall campaign Save Alameda For Everyone (SAFE). Collage by Magaly Muñoz
Alameda County3 days ago

District Attorney Pamela Price Will Face Recall Election on November General Election Ballot

Bay Area3 days ago

Radical Proposal to Limit the Power of Oakland’s Police Commission

The Port of Oakland unanimously voted to rename Metropolitan Oakland International Airport to San Francisco Bay Oakland International Airport after weeks of controversy and legal pushback from surrounding Bay Area cities. Photo by Takako Phillips, iStock.
Bay Area3 days ago

Oakland International Airport Will Now Be Called ‘San Francisco Bay Oakland International Airport’

The Oakland Parks, Recreation & Youth Development (OPRYD) honored Martha Humphrey "Ms. Martha" (seated in royal blue suit) as Oakland’s 2024 Mother of the Year at the 71st Oakland Mother of the Year Award Ceremony held at Morcom Rose Garden. Photo By Carla Thomas.
Bay Area3 days ago

‘Ms. Martha’ Humphrey is Oakland’s 2024 Mother of the Year

Lend A Hand Foundation Celebrates 25th Anniversary at the Scottish Rite Center in Oakland. On stage: KTVU Fox 2 Broadcasters Roberta Gonzales and Dave ClarkDance-A-Vision Founder, Carla Service, Vice Mayor Kimberly Mayfield-Lynch, California State Assemblymember Mia Bonta and Lend A Hand Foundation Executive Director Dee Johnson with the Dance-A-Vision Dancers. Photo By Carla Thomas
Activism3 days ago

Lend A Hand Foundation Celebrates 25th Anniversary

Chef Cleaz, owner of Pierre Pierre Restaurant, and rapper and author Mistah F.A.B. announce special event "You Still Have Son" Mother's Day dinner. Photo Courtesy KTVU Channel 2.
Activism3 days ago

Chef Cleaz and Mistah F.A.B. Host “You Still Have A Son” Mother’s Day Dinner

Alameda District Attorney Pamela Price held a press conference Wednesday morning at Everett & Jones to discuss the recall election and her path forward now that a date is scheduled for November. Photo by Magaly Muñoz.
Alameda County4 days ago

Alameda DA Pamela Price is Ready to ‘Protect the Win’ in Upcoming Recall Election

The event will feature local Bay Area legends and rising stars home-grown talent that will include 10 performers: 1100 Himself, The Conscious Daughters, Michael Sneed, Trunk Boiz, 3LISE, The Animaniakz and Ms. Bria. Too $hort is a special guest and there will also be a surprise legendary Oakland artist. The two DJs are Emelle & Dahge, and the two hosts are Dnas and Mystic.
Arts and Culture4 days ago

Third Annual Town Up Tuesday Lifts Oakland’s Community, Culture and Joy

Shutterstock
California Black Media4 days ago

Expect to See a New Flat Rate Fee of $24 on Your Electricity Bill

Courtesy of Society of Science
Community4 days ago

Dasia Taylor: A Girl’s Powerful Success Story Is Inspiring the Next Wave of STEAM Leaders

Rhonda Smith, Executive Director, California Black Health Network
California Black Media4 days ago

Commentary: Support Early Detection Technology to Save the Lives of Black Cancer Patients

iStock Photo
Commentary4 days ago

Commentary: May Is Asian American Native Hawaiian Pacific Islander Heritage Month

Bay Area4 days ago

California Makes Strides in Fight Against Fentanyl

California Supreme Court (iStock Photo)
Business4 days ago

Cal. Supreme Court Could Strip Gov and Legislature of Power to Raise Taxes

Attorney General Bonta and his team are working to review the decision and consider all options that will protect SB 9 as a state law. Bonta said the law has helped provide affordable housing for residents in California.
City Government2 weeks ago

Court Throws Out Law That Allowed Californians to Build Duplexes, Triplexes and RDUs on Their Properties

Activism4 weeks ago

Oakland Post: Week of April 24 – 30, 2024

Sen. Steven Bradford (D-Inglewood). Photo Courtesy of L.A. Sentinel
Community1 month ago

Financial Assistance Bill for Descendants of Enslaved Persons to Help Them Purchase, Own, or Maintain a Home

Photo Courtesy of Alexis Gray Lawson.
Community1 month ago

Oakland WNBA Player to be Inducted Into Hall of Fame

On her daylong trip, Harris was joined by Horford, SBA Administrator Isabella Guzman, Interim Under Secretary of Commerce for Minority Business Development Agency (MBDA) Eric Morrissette, and Sen. Catherine Cortez Masto (D-Nev).
Business1 month ago

V.P. Kamala Harris: Americans With Criminal Records Will Soon Be Eligible for SBA Loans

Activism1 month ago

Oakland Post: Week of April 10 – 16, 2024

Teachers and students protest the closing of schools in Oakland. Photo courtesy of PBS.
Community1 month ago

AG Bonta Says Oakland School Leaders Should Comply with State Laws to Avoid ‘Disparate Harm’ When Closing or Merging Schools

Volunteers at the Men and Women of Valor center in Richmond. Photo by Magaly Muñoz
Community1 month ago

Richmond Nonprofit Helps Ex-Felons Get Back on Their Feet

Rev. Amos C. Brown, president of the San Francisco NAACP and pastor of Third Baptist Church. Photo courtesy Third Baptist Church.
Activism2 weeks ago

S.F. Black Leaders Rally to Protest, Discuss ‘Epidemic’ of Racial Slurs Against Black Students in SF Public School System

Oak Days shelter, once a Days Hotel, resides in the Hegenberger corridor of Oakland. It is used as a temporary home to 60 residents who have experienced chronic homelessness or are medically vulnerable. Photo by Magaly Muñoz.
Alameda County2 weeks ago

An Oakland Homeless Shelter Is Showing How a Housing and Healthcare First Approach Can Work: Part 1

Arthur Lee Johnson was a member of the Richmond Police Department for 25 years. Courtesy photo.
Community1 month ago

RPAL to Rename Technology Center for Retired Police Captain Arthur Lee Johnson

Toks Omishakin, Secretary of the California State Transportation Agency (CALSTA), answers questions from concerned entrepreneurs frustrated with a lack of follow-up from the state. January 24, 2024 at the Westin Los Angeles Airport Hotel, Lost Angeles, Calif. Photo by Solomon O. Smith
Business1 month ago

Black Business Summit Focuses on Equity, Access and Data

It was strange for Iowans to caucus on MLK day. It had a self-cancelling effect. The day that honored America’s civil rights and anti-discrimination hero was negated by evening. That’s when one of the least diverse states in the nation let the world know that white Americans absolutely love Donald Trump. No ifs, ands or buts.
Commentary1 month ago

Commentary: Republican Votes Are Threatening American Democracy

File Photo: Assembly Republican Leader James Gallagher (R-Yuba City)
Business1 month ago

G.O.P. Lawmakers: Repeal AB 5 and Resist Nationalization of “Disastrous” Contractor Law

Mayor London Breed
Bay Area1 month ago

MAYOR BREED ANNOUNCES $53 MILLION FEDERAL GRANT FOR SAN FRANCISCO’S HOMELESS PROGRAMS

Trending

Copyright ©2021 Post News Group, Inc. All Rights Reserved.