What is the CWCID program?

The primary tool in the program is a 12-lesson text, Credit When Credit Is Due. The course is designed to help individuals gain a better knowledge of money issues and responsibilities revolving around the world of credit. It may be taught by a facilitator/teacher or self-studied. Tests follow each lesson and are graded pass/fail.

When students complete the course successfully, they will be registered in a national database and sent a registration card identifying them to lenders as graduates of a national standardized credit education program. This could entitle them to special consideration and discounts, depending on the lenders’ discretion. They will also receive three cards addressed to the three major credit bureaus allowing them to add a positive statement to their credit reports.

The concept of the program is similar to the well-known driver’s education course. When people take driver’s education and learn the rules of the road and necessary driving skills, they are considered to be better drivers. Auto insurance companies recognize them as better driving risks and grant discounts on insurance premiums to those who satisfactorily complete the course. The same theory applies to consumers who are borrowing money or asking for credit.

Individuals who successfully complete the Credit When Credit Is Due program should be better able to steer their financial course in the future.