in the classroom lessonlesson 2 building wealth—lesson 11 instructional objectives students will:...
TRANSCRIPT
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Build Credit and Control Debt—Are You Creditworthy?
In the ClassroomInteractive Lessons
Lesson 11
Credit Report
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2 Building Wealth—Lesson 11 Federal Reserve Bank of Dallas
Instructional Objectives
Students will:
• Identify information that is contained in and excluded from a credit report.
• Distinguish between a credit report and a credit score.
• Identify consumer actions to improve a credit report.
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3 Building Wealth—Lesson 11 Federal Reserve Bank of Dallas
Lending Decisions
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4 Building Wealth—Lesson 11 Federal Reserve Bank of Dallas
Gathering Information
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5 Building Wealth—Lesson 11 Federal Reserve Bank of Dallas
The Problem with Anonymity
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6 Building Wealth—Lesson 11 Federal Reserve Bank of Dallas
The Three Cs
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7 Building Wealth—Lesson 11 Federal Reserve Bank of Dallas
Information Creditors Cannot Use
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8 Building Wealth—Lesson 11 Federal Reserve Bank of Dallas
Prohibited Practices
• Discourage you from applying for a loan.
• Refuse you a loan if you qualify.
• Lend you money on terms different from those granted another person with similar income, expenses, credit history, and collateral.
• Close an existing account because of age, gender, marital status, race, color, religion, national origin, receipt of public income or because you exercise your rights under federal credit laws.
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9 Building Wealth—Lesson 11 Federal Reserve Bank of Dallas
Credit Reports
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10 Building Wealth—Lesson 11 Federal Reserve Bank of Dallas
Assessment