OAKLAND, CA: More than a thousand Wells Fargo & Company team members are volunteering in classrooms and nonprofits throughout the country as part of Get Smart About Credit, a national financial education program about the responsible use of credit.
“Understanding how to build credit and how to use it responsibly helps consumers make decisions that lead to financial success,” said Jim Foley, Greater Bay president for Wells Fargo. “Making wise financial decisions is easier when you’re well informed and we want to give our customers tools to chart a path toward a successful financial future.”
The education outreach is part of the 11th annual American Bankers Association National Get Smart About Credit Day on Oct. 17. This is the eighth year Wells Fargo has participated in the initiative, and the company is continuing to expand its participation to include schools and nonprofit organizations during the entire month of October. In 2012, more than 1,000 team member volunteers donated 4,000 hours of time to teach 1,400 credit classes that reached more than 65,000 people.
Throughout October, Wells Fargo team member volunteers will use the company’s free, online Hands on Banking®/ El futuro en tus manos® money management program to discuss topics such as lending and trustworthiness, credit and spending limits, credit histories and the cost of credit. Hands on Banking, which debuted in 2003, saw a 77 percent increase in traffic in 2012 with 280,000 unique visitors from more than 190 countries. The article titled “About Credit Cards” was by far the most popular.
“Promoting financial education is one of Wells Fargo’s core values,” said Angel Zapata, national Hands on Banking manager. “Credit-related education is one of the most popular subjects within our free Hands on Banking program, so we’re very pleased that we can put some special focus on it during our annual participation in Get Smart About Credit and help individuals and families learn more about how to manage their credit wisely.”
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