Credit Remediation and Credit Education for Colorado Youth in Foster Care

To support county departments of human/social services and the Division of Youth Services, the Colorado Department of Human Services Division of Child Welfare has partnered with Credit Builders Alliance (CBA) to provide training and technical assistance in order to: meet federal and state requirements; protect youth in foster care from the consequences of identity theft; and, help youth in foster care understand the impact of good credit and how to strengthen their credit profiles as they age out of care.

The Colorado DHS logo Includes a capital C with stylized mountains and a stylized pine tree along with a blue and yellow circle with icon figures representing an adult, a child, and a person in a wheelchair. The Credit Builders Alliance logo features the organization's name and a stylized bridge.

Training & Resources Available

CBA provides training to Child Welfare agency staff, volunteers, foster parents and other relevant parties with information and resources on how to teach youth about credit and financial wellness. This training will teach participants how to impart credit education to youth, including why credit is important to financial independence, the benefits of having good credit, and basic strategies for building and sustaining good credit as youth emerge into independent adulthood.

In addition, CBA also provides detailed training to those engaged in credit remediation, to help staff review the detailed steps of how to review a credit report for errors, dispute inaccuracies and address identity theft. This training is designed to fulfill the responsibility of Child Welfare Agencies to comply with the Child and Family Services Improvement and Innovation Act of 2011, which requires that starting at age 14, all youth in foster care will receive a copy of their credit report and assistance with resolving any inaccuracies found on the report.

As you work with youth on their credit, CBA will offer dedicated technical assistance to help you resolve issues and answer questions. Contact CBA directly for technical assistance about credit remediation or general questions about helping youth improve their credit histories by email, or by telephone, 202-800-3648. You can also schedule a technical assistance call directly via Bookings here.

Background Information

County departments of human/social services and DYC are required to annually review credit reports for youth in foster care who are 14 years of age or older using three major credit reporting agencies (CRAs), Equifax, Experian, and TransUnion. Access to these databases is provided by the Colorado Department of Human Services (CDHS), Division of Child Welfare (DCW) staff.

Section 475 [42 U.S.C. 675] (5) (I), requires the following: “each child in foster care under the responsibility of the State who has attained 14 years of age receives without cost a copy of any consumer report (as defined in section 603(d) of the Fair Credit Reporting Act) pertaining to the child each year until the child is discharged from care, receives assistance (including, when feasible, from any court-appointed advocate for the child) in interpreting and resolving any inaccuracies in the report and, if the child is leaving foster care by reason of having attained 18 years of age or such greater age as the State has elected …”

2023 - 2024 Training Events

Credit Heath & Remediation for
Youth in Foster Care

Credit Health and Remediation for Youth in Foster Care (Chafee Quarterly Meeting)
Part 1: July 27, 2023: 12:30 – 3:00 pm
Part 2: October 26, 2023: 12:30 – 3:00 pm

Credit Health and Remediation for Youth in Foster Care
Part 1: September 19, 2023 9:00 – 11:30 am
Part 2: September 20, 2023 9:00 – 11:30 am

Credit Health and Remediation for Youth in Foster Care
Part 1: November 7, 2023 11:00 – 1:30 pm
Part 2: November 8, 2023 11:00 – 1:30 pm

Credit Health and Remediation for Youth in Foster Care
Part 1: May 7, 2024 1:00 – 3:30 pm
Part 2: May 8, 2024 1:00 – 3:30 pm

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