Identification should include
- the components of the credit report
- the duration for which the credit report is valid
- methods for improving a credit score
- uses for the credit report
- privacy issues regarding the credit report
- situations in which the credit report might be accessed by others
- those authorized to access the credit report.
Process/Skill Questions:
Thinking
- What is a credit score?
- What do you think causes low and high credit scores?
Communication
- How do lenders interpret a credit report?
- What are the five most important factors affecting credit scores?
Leadership
- How might consumer spending habits affect a credit score?
Management
- What decisions are determined based on a credit report?
Teacher Resources: