Financial Education Clearinghouse

Financial Education Blog

Financial education news and updates from the Washington State Department of Financial Institutions.

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Free First Time Homebuyer Education Classes

June is National Homeownership Month. At the Washington State Department of Financial Institutions (DFI) we believe in providing resources and education to Washington residents seeking homeownership. We believe better educated consumers make better financial decisions and that it’s important for...

Financial Empowerment Network Seattle-King County

Since 2006, members of the Financial Empowerment Network of Seattle-King County have been connecting low-income and working people with the services and resources they need to achieve their financial goals. The network, originally launched by the City of Seattle,  is made up of over 50 non-profit...

NASAA – Your One Stop Shop for Investor Education

Last weekend, the North American Securities Administrators Association (NASAA) held their annual Investor Educator Coordinator Conference in St Louis.   Topics covered at this year’s conference included alternative investments, behavioral finance, reaching out to military personnel, and how to...

How to Check Your Child’s Credit Report

Identity thieves target children’s Social Security numbers because children have no credit histories and because fraudulent activity may go unchecked for years. Learning that your child is a victim of identity theft is a frightening experience, so what can you do to prevent it?   Start by...

Student Loans: Comparing Options

High school seniors are probably feeling the senior bug by now. In 2 months or less, they’ll be graduated and on their way to begin their next journey in life. The Washington State Department of Financial Institution believes that with the right tools and support, all students in Washington State...

Preparing Financially for Disasters

DFI sends its condolences to those impacted by the tragic mudslide in Oso. Rebuilding and dealing with finances following a disaster can be particularly frustrating. Credit card bills, mortgage payments, and disaster related expenses can add up quickly. DFI has developed a special webpage with...

Free Foreclosure Counseling for Washington Residents

The Foreclosure Fairness Program provides Washington homeowners facing foreclosure the opportunity to talk to a housing counselor and, if necessary, be referred to mediation with their lender. Mediation is a process where the mediator helps the homeowner and the lender reach a fair, voluntary, and...

Risks of Buying, Trading, and Investing in Bitcoin and Virtual Currencies

Today, we issued an alert regarding the risks of buying, trading, and investing in virtual currencies such as Bitcoin. It’s nearly impossible to read the business section of the newspaper without seeing stories about Bitcoin. As Congress and regulatory agencies determine whether to or how best to...

How to Spot Credit Fraud – Steps You Can Take

It’s National Consumer Protection Week, a coordinated campaign that encourages consumers to take steps to protect themselves from fraud and make better-informed decisions. You can learn more about the Washington State Department of Financial Institutions’ consumer protection efforts by visiting our...

Learn All About Credit Scores

Your credit score is one of the most important numbers you should care about in your life. If you have a low credit score, you will most likely pay more for loans, credit cards, and even insurance rates. FICO is the scoring formula most lenders use. The myFICO website has a lot of great information...