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The benefits of having strong credit

NNPA NEWSWIRE — You can manage your credit to help you with future purchases — such as a home or vehicle — in a number of ways. Ultimately, strong credit can help you reach your goals by qualifying you for loans, contracts, discounts, and access to even more credit options.

Published

5 years ago

January 9, 2020

Oakland Post

Once you have established good credit, work to keep it that way so you can continue to enjoy the opportunities that come with good credit. (Photo: iStockphoto / NNPA)

Learn how having healthy credit can help you access new opportunities, plus some tips on how to manage it.

Your credit score is one of the most important measures of financial responsibility. It’s a big part of what lenders and vendors look at when considering you for a loan or line of credit. It also can impact your ability to rent an apartment, sign a phone contract, or even get a job. Once you have established good credit, work to keep it that way so you can continue to enjoy the opportunities that come with good credit.

The financial benefits of good credit

Strong credit can help you get:

Easier approvals: Mortgage lenders, landlords, and auto finance companies will check your credit to see how reliable you are when it comes to paying bills on time and managing debt. Some employers will run a credit check if the job requires you to access money or sensitive data.
Lower interest rates: A high credit score not only makes it easier to be approved for services but it may also mean you may qualify for a lower interest rate on future credit accounts. You also likely won’t need a co-signer to get approved.
Savings on insurance: According to Certified Credit Counselor Netiva Heard, founder of MNH Financial Services, LLC, having a good credit score can help you save money on insurance rates, though the impact of your credit on this may depend on the state you live in. “Insurance companies have found that those with higher credit scores file fewer claims,” says Heard. As a result, some adjust their rates so people with good credit tend to pay lower premiums.
Additional savings: Having good credit may even give you the ability to purchase a service without putting down a costly deposit beforehand. To learn more about the perks of having good credit, visit the Hands on Banking® website.

How to manage your credit

You can manage your credit to help you with future purchases — such as a home or vehicle — in a number of ways:

Use credit cards smartly: Sometimes simply having a credit card can lead to spending more than you intended, leaving you unable to afford the balance. Failing to pay your credit card balance on time every month can rack up interest and hurt your credit score, so don’t spend more than you’ll be able to pay back. If you’re considering using a credit card to build your credit, take a look at the Hands on Banking website for tips on using one responsibly.
Pay down other debt: Your credit card balance is not the only thing that can affect your credit score. Student loans and other forms of debt can lower your credit score if not managed correctly. Keep track of payments, and try to pay a little more than the minimum balance each month. Keeping your debt low can help you maintain and even improve your credit over time.
Ask for help when you need it: If making payments on time for your credit card or a loan payment becomes too difficult, don’t be afraid to speak with the lender to negotiate a payment plan that works for you. It’s better to get ahead of any potential problems before you fall behind on payments.

Regularly review your credit

Beyond credit growth, review your credit reports annually to make sure nothing fraudulent or negative has been reported. Every 12 months, you can access your report for free from each of the three largest credit bureaus in the United States at annualcreditreport.com. “Be sure to check the inquiry and personal data sections where signs of identity theft can be spotted right away,” says Heard.

Ultimately, strong credit can help you reach your goals by qualifying you for loans, contracts, discounts, and access to even more credit options. Discipline and the ability to pay your credit-related debts off every month comes first, however.

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PRESS ROOM: Clyburn, Pressley, Scanlon, Colleagues Urge Biden to Use Clemency Power to Address Mass Incarceration Before Leaving Office

NNPA NEWSWIRE — Mass incarceration remains a persistent, systemic injustice that erodes the soul of America. Our nation has the highest incarceration rate in the world, with nearly two million people locked in jails and prisons throughout the country.

Published

2 days ago

November 21, 2024

Oakland Post

Read the letter here.

Watch the press conference here.

WASHINGTON, DC – Today, Congressman James E. Clyburn (SC-06), Congresswoman Ayanna Pressley (MA-07), and Congresswoman Mary Gay Scanlon (PA-05) led 60 of their colleagues in sending a letter to President Biden urging him to use his executive clemency power in the final months of his presidency to reunite families, address longstanding injustices in our legal system, and set our nation on the path toward ending mass incarceration.

The lawmakers hosted a press conference earlier today to discuss the letter. A full video of their press conference is available here and photos are available here.

“Now is the time to use your clemency authority to rectify unjust and unnecessary criminal laws passed by Congress and draconian sentences given by judges,” the lawmakers wrote in their letter. “The grant of pardons and commutations and the restoration of rights will undoubtedly send a powerful message across the country in support of fundamental fairness and furthering meaningful criminal justice reform.”

Mass incarceration remains a persistent, systemic injustice that erodes the soul of America. Our nation has the highest incarceration rate in the world, with nearly two million people locked in jails and prisons throughout the country. The extreme use of incarceration has resulted in one in two adults having had an incarcerated family member. People of color are disproportionately put behind bars, along with individuals from low-income communities, LGBTQIA+ folks, and those with disabilities. The bloated prison system reflects and emboldens biases that undermine the ideals of our nation and diminish trust in the rule of law. Mass incarceration attacks the most vulnerable Americans, thereby destabilizing families and inflicting intergenerational trauma.

In their letter to President Biden, the lawmakers praised the President’s efforts to create a fair and just criminal legal system by pardoning people convicted of simple marijuana possession and LGBTQ+ former servicemembers and urged the President to use his clemency powers to help broad classes of people and cases, including the elderly and chronically ill, those on death row, people with unjustified sentencing disparities, and women who were punished for defending themselves against their abusers. The lawmakers also outlined the fiscal toll of the growing mass incarceration crisis.

“You have the support of millions of people across the country who have felt the harms of mass incarceration: young children longing to hug their grandparents, people who have taken responsibility for their mistakes, and those who simply were never given a fair chance,” the lawmakers wrote. “These are the people seeking help that only you can provide through the use of your presidential clemency power.”

Joining Representatives Clyburn, Pressley, and Scanlon in sending the letter are Representatives Joyce Beatty, Sanford Bishop, Shontel Brown, Cori Bush, André Carson, Troy Carter, Yvette Clarke, Jasmine Crockett, Valerie Foushee, Al Green, Jahana Hayes, Steven Horsford, Jonathan Jackson, Pramila Jayapal, Henry Johnson, Sydney Kamlager-Dove, Robin Kelly, Summer Lee, Jennifer McClellan, Gregory Meeks, Delia Ramirez, Jan Schakowsky, Robert Scott, Terri Sewell, Marilyn Strickland, Bennie Thompson, Rashida Tlaib, and Bonnie Watson Coleman.

The lawmakers’ letter is supported by the American Civil Liberties Union; Center for Popular Democracy; Last Prisoner Project; Lawyers’ Committee for Civil Rights Under Law; Death Penalty Action; The National Council for Incarcerated and Formerly Incarcerated Women and Girls; The Faith Leaders of Color Coalition; Second Chance Justice of MCAN; JustLeadershipUSA; FAMM; The Episcopal Church; The Bambi Fund; Free Billie Allen Campaign; People’s Coalition for Safety and Freedom; Prophetic Resistance Boston; and Families Against Mandatory Minimums.

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Tennessee State University Set to Debut the First Division I Hockey Team at An HBCU

THE AFRO — “I am incredibly excited to embark on building this program, supported by God, my family, TSU students, alumni, and all those eagerly awaiting this moment,” said Duanté Abercrombie, the head coach of the Tennessee State Tigers ice hockey team, in a press release courtesy of TSU Athletics. “I firmly believe that one day, TSU will be recognized not only as a powerhouse on the ice but also as a program whose student-athletes leave a profound legacy on the world, enriched by the lessons learned at TSU.”

Published

2 days ago

November 21, 2024

admin

By Mekhi Abbott
Special to the AFRO
mabbott@afro.com

Tennessee State University (TSU) continues to break ground on a historic journey to become the first historically Black college or university (HBCU) to field a National Collegiate Athletic Association Division I ice hockey team. Alongside some assistance from the National Hockey League (NHL), the NHL Players’ Association and the Nashville Predators, the TSU Tigers have already named their official head coach, unveiled their jersey and received their first official commitment from a student-athlete.

TSU held an official press conference to announce the plan in June 2023. Their first official season as a sanctioned Division I program is planned to commence in 2025-26. On April 18, TSU named Duanté Abercrombie as the head coach of the Tennessee State Tigers ice hockey team.

“I am incredibly excited to embark on building this program, supported by God, my family, TSU students, alumni, and all those eagerly awaiting this moment,” said Abercrombie in a press release courtesy of TSU Athletics. “I firmly believe that one day, TSU will be recognized not only as a powerhouse on the ice but also as a program whose student-athletes leave a profound legacy on the world, enriched by the lessons learned at TSU.”

Abercrombie was raised in Washington, D.C., and was mentored by hockey legend Neal Henderson, the first Black man to be inducted into the United States Hockey Hall of Fame. Abercrombie attended Gonzaga College High School and graduated from Hampton University, where he was a track and field athlete prior to retiring due to an injury. After college, Abercrombie briefly played professional hockey in both the New Zealand Ice Hockey League as well as the Federal Hockey League.

After his career as a professional hockey player, Abercrombie moved onto coaching, including stints with his alma mater Gonzaga and Georgetown Preparatory School. In 2022-23, Abercrombie was a member of the coaching staff for NHL’s Toronto Maple Leafs organization.

“We are no longer doing club play in 2024-25. We are going right into D1 play for 2025-26,” Nick Guerriero told the AFRO. Guerriero is the assistant athletic director of communications and creative content at Tennessee State.

On Jan. 19, TSU got their first official commitment from an ice hockey recruit, Xavier Abel. Abel played at Drury University and scored 12 goals in 34 games, including three game-winning goals. Abel was recruited by Guerriero.

In July, the Tigers got their second commitment from forward Trey Fechko. In October, Trey’s brother Marcus Fechko also committed to Tennessee State. Since, the Tigers have also signed forward Greye Rampton, goaltender Johnny Hicks, Grady Hoffman and four-star forward Bowden Singleton. Singleton flipped his commitment from North Dakota to Tennessee State. Guerriero said that TSU has a “few” other recruits that they are waiting to announce during their November signing period.

“I think it’s important to invest in these unorthodox sports for Black athletes because it allows Black children to have more opportunities to play sports in general,” said Zion Williams, a 2024 Gettysburg College graduate and former collegiate athlete. “The more opportunities that children have, the better. They won’t feel like they are boxed into one thing or sport.”

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HBCU Champions Advance to Postseason Play

WASHINGTON INFORMER — From HBCU football teams, to the University of the District of Columbia’s soccer program, and Howard University’s volleyball players, athletes are still working to capture titles and garner bragging rights in their various conferences.

Published

2 days ago

November 21, 2024

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By Ed Hill | The Washington Informer

As the semester quickly winds down, several teams at historically Black colleges and universities (HBCUs) are hoping to find success in the postseason.

From HBCU football teams, to the University of the District of Columbia’s soccer program, and Howard University’s volleyball players, athletes are still working to capture titles and garner bragging rights in their various conferences.

South Carolina State proved all the prognosticators wrong by winning the Mid-Eastern Athletic Conference (MEAC) regular season title after being picked to finish fourth in the preseason poll.

As a result of their success, defeating the Morgan State Bears 54-7 on Nov. 16, the South Carolina Bulldogs now qualify for the Cricket Celebration Bowl on Dec. 14 in Atlanta, kicking off at noon and streaming on ABC.

However, another game between Jackson State and Southern University must happen a week before the big matchup in Atlanta, before the Bulldogs (8-2, 4-0 MEAC) know who they’ll be going against.

The Bulldogs, who have one game remaining on the schedule against Delaware State on Saturday, Nov. 23, will square off against the winner of the Southwestern Athletic Conference (SWAC) title game between Jackson State and Southern University on Dec. 7.

The Southern Jaguars (7-4, 6-1 SWAC) won the West Division, while the Jackson State Tigers (9-2, 7-0 SWAC) captured the East Division and the two will now meet up on Jackson, Mississippi at Mississippi Veterans Memorial Stadium, kicking off at 1 p.m. and streaming on ESPN2.

In the Central Intercollegiate Athletic Association (CIAA) championship game, it was Virginia Union University that defeated rival Virginia State 21-17 for the title in Salem, Virginia, on Nov. 16.

Virginia Union University celebrates after defeating Virginia State University, and winning the regular season CIAA title in Salem, Virginia, on Nov. 16. (Courtesy photo)

It was the Virginia Union University Panthers’ second straight CIAA title, avenging a 35-28 loss to the Virginia State University Trojans on Nov. 9. The Panthers (8-3 overall, 6-1 in the CIAA) got an effort of 178 yards rushing on 32 carries and a touchdown from Jodo Byers.

Virginia Union will open the playoffs with a road game at Wingate in Wingate, North Carolina on Nov. 23, with kickoff at 1 p.m.

In the Southern Intercollegiate Athletic Association (SIAC) championship, it was Miles College (9-2) overwhelming Clark Atlanta (7-3), 53-25 in the title game. The Miles College Golden Bears piled up over 430 yards of total offense, giving them a NCAA Division 2 bid as they host Carson-Newman on Nov. 23 at 11 a.m.

Miles boasts one of the top defenses in the country in Division 2, having forced 33 turnovers.

University of the District of Columbia Soccer Team Defeats Molloy

In men’s soccer, the University of the District of Columbia defeated Molloy University in the East Coast Conference (ECC) championships final on Nov. 17.

The University of the District of Columbia men’s soccer team celebrates after winning the East Coast Conference championship game on Nov. 17 (Courtesy photo)

Mustafa Tahir scored the game-winning goal in the 100th minute. It was Tahir’s third game winner of the season.

The Firebirds (8-7-4, 3-4-1 in the ECC) earned an automatic bid to the NCAA Division 2 tournament against the No. 7 seed Post University. on Friday, Nov. 22. UDC enters the game on a four-game win streak.

Howard University Volleyball Dominating in the MEAC

Howard University is one of the hottest women’s college volleyball teams.

Howard University’s volleyball team has been on fire at 21-5 overall and undefeated in the Mid-Eastern Athletic Conference. (Courtesy photo)

The Bison (21-5 overall, 14-0 MEAC) went undefeated in league play and are on a current 15-game game win streak headed into Friday’s tournament in Dover, Delaware.

The final is scheduled for Sunday at 8:30 pm on ESPNU.

Howard is the top seed, and they will be looking to capture their sixth tournament title and NCAA bid in the past nine years.

The Bison boast one of the top players in the country in junior outside hitter Rya McKinnon, who is headed for an unprecedented third straight Player of the Year honor.