FICO Partners with ACDC to Enhance Financial Literacy at Las Vegas Asian Night Market

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In an exciting initiative to empower the Asian American and Pacific Islander (AANHPI) community, FICO, a global leader in analytics software, is set to participate in the 5th annual Las Vegas Asian Night Market on October 19, 2024. This vibrant event will take place from 5 PM to 11 PM at the College of Southern Nevada, Charleston Campus, celebrating AANHPI culture while providing a platform for local businesses.

Bridging Financial Literacy Gaps

FICO will host a booth that offers valuable resources aimed at improving financial literacy. Attendees can expect to find educational brochures and information about credit health, the importance of FICO® Scores, and strategies for building strong financial habits. This partnership with the Asian Community Development Council (ACDC) seeks to address the significant financial literacy gaps that many individuals in the AANHPI community face.

Understanding the Importance of Credit Health

For many individuals and families, understanding credit scores is crucial for achieving financial stability. A low credit score can be a significant barrier to achieving important life goals such as homeownership, obtaining student loans, or accessing business financing. Many in the AANHPI community face challenges related to financial literacy, which can lead to poor credit health and missed opportunities.

At the FICO booth, community members will learn how to access their FICO® Scores for free through myFICO.com and can schedule a complimentary consultation with Money Management International (MMI). These consultations will help individuals review their credit reports and develop actionable plans tailored to their financial goals.

Empowering Through Knowledge

FICO's engagement at the Asian Night Market is rooted in the belief that informed financial decisions can lead to lasting economic well-being. Jenelle Dito, from FICO Scores client services, expressed enthusiasm for the partnership, stating, "We are proud to partner with the AANHPI Community to provide resources and knowledge about financial literacy.” The goal of this collaboration is to empower people and promote wise decision-making that promotes long-term economic prosperity.

Participants will gain insights into various topics, including:

  • Improving Credit Health: Practical steps attendees can take to enhance their credit scores, such as timely bill payments and reducing debt.
  • Understanding FICO® Scores: What constitutes a FICO® Score, how it is calculated, and its impact on borrowing power.
  • Developing Financial Habits: Strategies for budgeting, saving, and planning for future financial needs.

Engaging the Community

In addition to educational materials, the event will feature a raffle for tickets to the South Point 400 NASCAR Cup Series on October 20, offering attendees an exciting opportunity to enjoy a thrilling sporting event while supporting community initiatives. This fun engagement aims to attract more community members to FICO’s booth, fostering an environment where financial education is both accessible and enjoyable.

Vida Lin, President and Founder of ACDC, highlighted the importance of this collaboration: "We’re excited for FICO to join us at the much-anticipated Las Vegas Asian Night Market and share essential financial resources with our AANHPI Community. Together, we are empowering our community by bridging the gap in financial literacy."

A Celebration of Culture and Community

The Las Vegas Asian Night Market not only serves as a hub for financial education but also celebrates the rich cultural heritage of the AANHPI community. With local vendors retaining 100% of their profits, the event directly supports the local economy. Furthermore, 100% of net proceeds from ticket sales will provide vital resources and services to the community.

Supporting Local Businesses

The Asian Night Market showcases a diverse array of local vendors, offering everything from authentic cuisine to handmade crafts. This platform not only promotes cultural exchange but also boosts local economic growth by allowing entrepreneurs to thrive. By supporting these businesses, attendees contribute to the sustainability of their community.

The ACDC has been instrumental in creating spaces that uplift and educate the AANHPI community in Nevada. Founded in 2015, the nonprofit focuses on improving the well-being of various ethnic communities through initiatives that include voter education, health services, and cultural events like the Asian Night Market.

Join Us at the Asian Night Market

Mark your calendars for this not-to-miss event! Here are the details:

  • Who: FICO and the Asian Community Development Council
  • What: Financial literacy booth featuring resources on credit scores and personal finance
  • When: Saturday, October 19, 2024, from 5:00 PM to 11:00 PM PDT
  • Where: College of Southern Nevada, Charleston Campus, 6375 West Charleston Boulevard, Las Vegas, NV 89146

For more information or to secure your tickets, visit ACDC’s website or learn more about FICO’s Score A Better Future™ program at FICO’s website.

Conclusion

FICO’s partnership with ACDC at the Las Vegas Asian Night Market represents a meaningful commitment to fostering financial literacy in the AANHPI community. By providing essential resources and engaging with individuals, this initiative not only empowers attendees but also contributes to building a more financially savvy and resilient community.

Reference Source: Business Wire

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