National Credit Education Month - National Credit Education Month is upon us, and there has never been a better time to learn how to understand and responsibly manage your credit.

National Credit Education Month 2024 – March 2024

March is National Credit Education Month which means there is no better time to educate yourself and others on the importance of understanding the ins and outs of your credit score. Did you know that one in five Americans find errors on their credit reports and that more than 90% of home and auto insurers use credit ratings to decide who to cover and what premiums to charge? It’s for these reasons you should learn how to build your credit score, learn to actively monitor your credit score as well as educate yourself on how to properly manage it. Also, knowing your credit score helps with securing scholarships for pursuing further education. To learn more, visit Scholaroo to find the best fit scholarship with your credit scores. Let’s get started. 

History of National Credit Education Month

There’s a lot to learn about credit during National Credit Education Month. While it’s a complex topic, there are some key concepts you should understand and there is no shortage of resources you can turn to for help this month. Your bank, your employer, financial experts, and the internet can help you learn how to manage, build, and improve your credit score.As you explore the resources and events available to you this month, keep a few things in mind. Credit is an indication of your financial trustworthiness. Having “good credit” means your history of payments, employment and salary make you a good candidate for a loan, and creditors – those who lend money or services – will be more willing to work with you. While bad credit can follow you for quite a while (as much as seven years), it is fixable. The key is to know the right steps to take to get your credit back on track.Not every source is credible. Some credit card companies will present themselves as a great deal but upon closer inspection, the fees, interest rates, and other terms are not in your best interest. So, dedicate the necessary time to educate yourself on credit and your current credit situation. It will benefit you in the long run.

National Credit Education Month timeline

Credit Card Act of 2009

Also known as Credit C.A.R.D., the Credit Card Act of 2009 shut down some malicious practices in the credit card industry and also required credit card companies to be more clear in their communications to consumers.

Institution of the Consumer Credit Protection Act

An important governmental regulation was introduced in 1968 that helped protect consumers from unethical credit practices.

Invention of the Term "Credit Rating

Financial experts invent the concept of "Credit Ratings.

Appearance of the Term "Credit

In 14th-century London, bankers and financial experts began to utilize the term "credit" to describe loan reliability.

National Credit Education Month FAQs

Where do I get my credit score?

There are three major credit reporting bureaus – Equifax, TransUnion and Experian – and, by law, you are entitled to one free report from each agency per year. You should get one report from each bureau because the information contained in the individual reports may not be consistent and you will want to confirm the accuracy of each.

When is National Credit Education Month?


 How much do Americans owe in credit card debt?

The total amount of credit card debt in the United States passed the $1 trillion (with a T!) in 2019. The average American household with a credit card owes $8,398.


  1. Check your credit score

    It is important to know your credit score for a variety of reasons. One of the benefits of a high credit score rating is being able to borrow money at a lower interest rate. When you need to purchase a new car, for example, they will check your credit rating to determine the interest rate of your car loan. Even when you believe your credit score to be in order, it can change very quickly so be sure to check it out this month!

  2. Focus on meeting payment deadlines

    One of the best ways to maintain or build a good credit rating is to make all your payments on time. If you have a bad habit of forgetting to pay bills timely, set up payment reminders through your personal calendar system. Even better, you can enroll in auto-withdraw with many of your accounts ensuring you never miss a payment.

  3. Teach your children about debt

    Yes, debt is a four-letter word but do your children a favor and teach them good overall money habits early. Did you know more young adults aged 20 – 24 declare bankruptcy than graduate from college? Credit cards are the biggest contributor to this. Teach them about saving money, wise spending, and how to build good credit sooner rather than later.

5 Tips To Improve Your Credit Score

  1. ​Pay bills on time

    ​Past performance is a predictor of future performance so pay all bills off timely – rent, utilities, loans, and credit cards.

  2. Keep debt to a minimum

    ​Understand your credit utilization ratio which is the amount of debt you carry (total amount of credit balances) compared to your combined credit limits; lenders like to see a credit utilization ratio of less than 30%.

  3. ​Keep up the good work

    ​The longer you can maintain a good credit rating, the better. Accounts that have been in good standing for a long time add to your credit score.

  4. ​Open new credit accounts only as needed

    Applying for credit results in a “hard inquiry” on your credit report which has a negative on your overall credit rating that can last for up to two years.

  5. Check your credit reports

    If you find inaccurate information on any credit report, you can dispute the information to have it corrected.


  1. It shows you how you measure up

    Credit scores can be confusing. The best way to understand your credit score is to see how your credit score compares on the spectrum. For instance, the national average personal credit score in the United States is 695. Determining whether your score is above or below might help you to decide how you want to manage your credit in the future.

  2. It teaches you how to build credit

    If you are just starting out and are new to the credit game, National Credit Education Month is the perfect time to start building your credit. There are many different tactics you can use to build your credit and many institutions have starter programs for young adults and students who want to build their credit. This can include credit cards with a very small balance resulting in low payments or small personal loans. Talk to your credit union or financial institution on how you can start to build your credit today.

  3. It helps you improve your credit rating

    Your credit score can have a huge impact on your financial life. Good credit is essential for getting manageable interest rates on cars, credit cards, mortgages, and many other financial investments. Knowing how to improve your credit score will prove to be imperative, as a bad score can inhibit you from making many major financial decisions.

National Credit Education Month dates

Year Date Day
2023 March 1 Wednesday
2024 March 1 Friday
2025 March 1 Saturday
2026 March 1 Sunday
2027 March 1 Monday
World Compliment Day
National Day of Unplugging
National Peanut Butter Lover's Day
St. David's Day
National Employee Appreciation Day
National Pig Day
Baby Sleep Day
Self-Injury Awareness Day
National Wedding Planning Day
Share a Smile Day
World Day of Prayer
National Dress in Blue Day
National Black Women in Jazz and the Arts Day
Independence Movement Day
World Music Therapy Day
National Dadgum That's Good Day
Refired Not Retired Day
Yap Day
World Civil Defense Day
National Fruit Compote Day
National Horse Protection Day
Zero Discrimination Day
International Ideas Month
Asiatic Fleet Memorial Day
National March First Day
National Texas Stress Day
World Seagrass Day
Denim Day for Dementia
International Martisor
Public Risk Management Awareness Day
National Sage Day
Endometriosis Awareness Day
National Speech and Debate Education Day
National Hotel Slipper Day
National Minnesota Day
Plan a Solo Vacation Day
Peace Corps Day
National Welsh Corgi Day
Overseas N.H.S. Workers Day
Baba Marta
International Women of Color Day
Justin Bieber's Birthday
Kenny Redneck Tv's Birthday
Frederic Chopin's Birthday
Sawyer Sharbino's Birthday
Philza's Birthday
Kesha's Birthday
Ron Howard's Birthday
Wonho's Birthday
Universal Human Beings Week
Hearing Awareness Week
North Dakota Winter Show
National Will Eisner Week
National Write a Letter of Appreciation Week
National Ghostwriters Week
Festival of Owls Week
National Aplastic Anemia & MDS Awareness Week
National Invest in Veterans Week
Poison Prevention Awareness Month
Irish American Heritage Month
National Caffeine Awareness Month
National Celery Month
National Crafting Month
National Frozen Food Month
National Kidney Month
National Noodle Month
National Nutrition Month
National Peanut Month
National Sauce Month
National Cheerleading Safety Month
National Umbrella Month
National Flour Month
March Madness
Multiple Sclerosis Awareness Month
National Colorectal Cancer Awareness Month
National Social Work Month
Brain Injury Awareness Month
Adopt a Rescued Guinea Pig Month
Workplace Eye Wellness Month
Trisomy Awareness Month
National Crochet Month
Bleeding Disorders Awareness Month
National Cerebral Palsy Awareness Month
Dolphin Awareness Month
Red Cross Month
National Color Therapy Month
National Endometriosis Awareness Month
National Reading Month
Colic Awareness Month
Veggie Month
National Athletic Training Month
National Developmental Disabilities Awareness Month
Save Your Vision Awareness Month
National Women's History Month
National Eye Donor Month
Berries and Cherries Month
National Ethics Awareness Month
NZ Book Month
Alport Syndrome Awareness Month
Exotic Winter Fruit & Leeks and Green Onions Month
Listening Awareness Month
Gardening, Nature and Ecology Books Month
Middle Level Education Month
Women’s Month (Philippines)
Marie Curie Great Daffodil Appeal
Vascular Anomalies Awareness Month
Deep Vein Thrombosis (DVT) Awareness Month
National Deaf History Month
American Red Cross Month
Endometriosis Month
Gender Equality Month
Read an E-Book Month
National Developmental Disabilities Awareness Month
Mad for Plaid Month
Youth Art Month
National Breast Implant Awareness Month
National Bed Month (U.K.)
Colorectal Cancer Education and Awareness Month
Greek American Heritage Month
Birth anniversary of Samaon Sulaiman
Supply Management Month
National Optimism Month
Employee Spirit Month
Humorists are Artists Month
National Essential Tremor Awareness Month
Spiritual Wellness Month
Academy Awards Month
Sing With Your Child Month
National Professional Social Worker's Month
The Great Daffodil Appeal
Honor Society Awareness Month
Small Press Month
Malignant Hyperthermia Awareness and Training Month
Mental Retardation Awareness Month
National Chronic Fatigue Syndrome Awareness Month
International Mirth Month
Play the Recorder Month
National Music in Our Schools Month
National Clean up Your IRS Act Month
National Credit Education Month
Expanding Girls' Horizons in Science and Engineering Month
National March Into Literacy Month