Day 45

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

  1. 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

  1. Is your credit score accurate?  Watch this video that has found that 40 million American’s credit scores are inaccurate.
  2. 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

  1. 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

  1. Complete the Lesson 2 Quiz for the Credit Unit.