Credit Remediation and Credit Education for Colorado Youth in Foster Care

To support county departments of human/social services and the Division of Youth Corrections, 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.

Training and Resources Available:

Credit Health and Remediation for Youth in Foster Care

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.

Technical Assistance

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, 202-888-7589.

Credit Remediation Resources

Download youth facing resources here:

Youth Facing Materials

Download youth facing resources here:

Other helpful resources for supporting young people in credit and financial empowerment:

2021-2022 Training Events

Credit Health and Remediation for Youth in Foster Care

Register February 2022 Session

Part 1: February 10, 2022: 9:00am – 11:30 am
Part 2: February 17, 2022: 9:00am – 11:30 am

Register April 2022 Session
Part 1: April 19, 2022: 1:00pm – 3:30pm
Part 2: April 20, 2022: 1:00pm – 3:30pm

Register June 2022 Session
Part 1: June 1, 2022: 9:00am – 11:30 am
Part 2: June 2, 2022: 9:00am – 11:30 am

Refresher Webinar

Register January 19, 2022: 10:00 – 11:00am

Supplemental Training

Register   Understanding Student Loans and Options for Repayment
January 27, 2022: 1:00pm - 3:00pm

Register   Addressing Debt and Collections on the Credit Report
April 28th, 2022: 1:00pm – 3:00pm

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 …”