Lesson Objectives
- Understand how to get a credit report and how often it is updated
- Identify the nine different parts of a credit report
Assignment CU2.4
- A credit report brings attention to some important things in your financial life. To better understand a credit report, use these links to answer these questions in COMPLETE SENTENCES in this Google Document. Make a copy of it and rename it My Credit Report-(Your Initials):
- How can you get a credit report?
- How often is your credit report updated?
- What do you do if you see a problem on your credit report?
- What does the Federal Credit Reporting Act state?
- How do you qualify for discounted or free credit reports?
- What does the Credit Repair Organizations Act state?
- What are the two ways that collection can be removed from credit reports?
- Using this sample credit report, detail the four personal categories of information that are identified in a credit report and what information is included in those four categories. Create a new Google Drawing titled Credit Report Parts-(Your Initials). In your drawing, create a sample credit report. Then use drawing objects and arrows to identify the different parts of the report and what information is included in them. Your sample credit report should include all six aspects of a report.