Day 28

Learning Objectives

  • Identify organizations that maintain consumer credit records. …  
  • Summarize major consumer credit laws.
  • Develop a plan for protecting personal information.

Assignment 4.4.1

  1. Watch Video 4.1
  2. As you watch the video, record the missing words from pages 93-94 of the textbook as they pop up on the left side of the video screen by filling in this form.  (pages 93-94) .
  3. Discussion Questions:
    1. What is a credit bureau?
    2. What are the three main credit bureaus?
    3. How often should you check your credit report for errors?
    4. What issues was the Fair Credit Reporting Act (FCRA) intended to address?
    5. A strong password should include what elements?
    6. What is the Federal Trade Commission (FTC)?

Assignment 4.4.2

  1. Obtain your partner from your instructor.  Work with your partner to evaluate the financial information listed in the document below and create a plan to pay off the debt in the least amount of time possible using the debt snowball method discussed on page 89 in Section 2 of Chapter 4 Textbook.
  2. Make a copy of this Debt Snowball document, rename it Debt Snowball-(Your Initials), and move it into your Chapter 4 folder.
  3. Complete the document as directed in the directions.

Assignment 4.4.3

  1. In your Personal Finance Journal-C4 file in your Chapter 4 folder, complete the next row in the table by answering the question listed.