Potencial Millonario invites you to join Experian on a Tweetcharla at #CreditoyMas on Twitter this Tuesday, October 21 at 5 p.m. ET.
The Experian folks will be talking with Virginia Zigras – Deputy Chief of Staff & Counsel for Congressman Tony Cárdenas, Felix Montelara – Host of the Program Potencial Millonario, Isaias Hernandez, Special Program Coordinator, Financial Literacy & Financial Stability Assett Building Program, Mexican Opportunity Foundation, Rod Griffin – Director of Public Education at Experian, and leaders in the Hispanic community. join us!
Topic: Credit and Financial Literacy in the Hispanic Community
When: Tuesday, October 21 at 5 p.m. ET
Easy ways to chat with us on Twitter: Twubs or Tchat
As more Hispanics gain access to credit and credit cards, they will continue to play an expanding role in the American economy. However, there are still many Hispanics who prefer to use cash and lack access to credit and financial education.
A 2013 survey by the National Council of la Raza shows that two out of 10 Latinos in the United States don’t use banks—a higher rate than Asians and African-Americans. They are also highly likely to rely on predatory payday loans and high-priced check-cashing services. Join us to discuss the current landscape and how the Hispanic community can become more financially empowered.
Questions we’ll discuss:
- 1. What are the challenges Hispanics face in becoming more financially empowered?
- 2. Why are so many Hispanics unbanked using cash only vs. using credit?
- 3. What are the first steps Hispanics can take to establish credit?
- 4. What are some of the common concerns among Hispanics about using credit?
- 5. What kind of credit information and resources would be most helpful to Hispanic small business owners?
- 6. What are some of the common misconceptions Hispanics have about credit?
- 7. What are some best practices to reach Hispanics with financial information?
- 8. Hispanic consumers tend to over-index on smartphone and mobile application use, so will mobile banking and payment products be an important channel to engage them?
- 9. What are the best ways to reach Hispanic youth to get them started early on the way to financial literacy?
- 10. What are some of the biggest misconceptions among Hispanics about credit?
