The ability to build credit and manage debt are vital components of economic mobility. Connecting families with the information, tools, and resources to develop these skills and make decisions can help families avoid challenges from debt and negative credit histories. These skills can help families work toward greater economic stability and mobility.

Many of the FEM goals that families have relate to credit and debt. Many families may want to focus on strengthening their financial foundation by:

• Understanding credit reports and scores
• Building credit
• Managing debt
• Managing student loan debt
• Avoiding predatory loans
• Avoiding identity theft