Lesson Objectives
- Discuss commonly used credit documents
- Understand the importance of checking the accuracy of your credit score on a regular basis
Notes 2-3
- Obtain a Notes 2-3 handout from your instructor and fill in the missing parts through the presentation. You can also view the presentation here.
Assignment CU2.5
- Is your credit score accurate? Watch this video that has found that 40 million American’s credit scores are inaccurate.
- Make a copy of this Google Document and rename it Credit Score Accuracy-(Your Initials). As you watch the video, detail what you learned from it by answering the following questions:
- What is the ratio for people who have errors on their credit report?
- What is the ratio for people who have errors that affect their credit score?
- What are the three credit reporting agencies saying is causing the error problem?
- Do the credit reporting agencies have a legal obligation to make sure the information is accurate?
- Is the problem that there is errors or mistakes?
- How many people per year file a problem with their credit report?
- If you have an error on your report, what is the credit reporting agencies trying to do?
- Share examples of people with errors.
- Share what the people who worked for the reporting agencies had to say about what they were doing to help customers.
Assignment CU2.6
- After completing the assigned tasks in Lesson 2 above, share your Lesson 2 folder with your teacher. The following files should be in your folder prior to you sharing it:
- Credit Score
- Score Basics
- Credit Report
- My Credit Report
- Credit Report Parts
- Credit Score Accuracy
Lesson 2 Quiz-CU
- Complete the Lesson 2 Quiz for the Credit Unit.