A person with an 850 credit score has a long history of
on - time payments, with no delinquencies or
defaults, a wide variety of revolving and installment
loans, like
car loans, mortgages, credit cards, and student
loans, and no recent applications for
new credit.
If your grandchild experiences student
loan default, they'll suffer a devastated credit score and, by extension, an inability to get an affordable interest rate
on a mortgage, a
new car, and in some cases, a higher paying job.
Financial Manager — Duties & Responsibilities Oversee multiple automotive corporate client portfolios, conduct risk analysis, and perform audits Direct corporate
loan process and ensure that client collateral is sufficient in cases of
default Investigate client credit rating and determine worthiness of consumer credit applications Recruit, train, and manage team of auditors and financial advisors ensuring professional operations Responsible for department budgets, project timelines, and team workflow Perform reviews to determine appropriate employee compensation, recognition, and disciplinary action Serve as a liaison between bank and clients, partners, outside vendors, and community leaders Present reports regarding audit findings, market trends, and client financial health to senior leadership Develop a rapport with customers and orient them to various products and services Encourage high customer retention by maintaining friendly, supportive contact with existing clients Study industry literature to become an expert
on products and services Direct sales operations for 35 +
car and recreational vehicle dealerships throughout
New England Craft effective sales presentations and proposals, tailoring them to clients based
on their specific needs and styles Maintain comprehensive records detailing pricings, sales, activities reports, and other pertinent data Represent company brand with positivity, professionalism, and dedication Consistently recognized and promoted for excellence in management, service, and performance