Freddie Mac is now offering a free, online CreditSmart® tutorial to provide working families and new or inexperienced borrowers with basic sound information about building savings, personal credit, and making wise financial choices. CreditSmart® is a comprehensive, multilingual financial education curriculum that has reached more than 3 million consumers in 44 states through lenders, churches, schools, and non-profit organizations.
For future borrowers, the tutorial includes 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.
For current homeowners, the tutorial includes modules tailored to help them avoid foreclosure, maintain their home and succeed as long-term homeowners.
To access the new CreditSmart online tutorial visit www.freddiemac.com/creditsmart/consumer_training.html