Credit Score Basics: Objectives

Objectives

• Students will understand credit reports and scores.
• Students will identify the three major credit bureaus.
• Students will understand the legal right to a free annual credit report (AnnualCreditReport.com)
• Students will identify components of a credit report, including derogatory remarks, and the warning signs of credit abuse, such as late fees, missed payments, collection notices, and bounced checks.

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Credit Score Basics: Credit Score

Watch this video about what a credit score is and why it is important.

 

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Credit Score Basics: FICO Score

Watch this video on how your FICO score is determined.

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Credit Score Basics: Credit Score Makeup

Look at this infographic showing how much weight each component affects your credit score.

 

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Credit Score Basics: Credit Score Basics
Look at these images that describe how a credit score works.