Credit Score/Credit Report

Which of the following is listed on your credit report?

• Traffic Violations
• Amount of cash in your bank account
• Hourly wage
• Full name, social security, date of birth, current address

Your credit score is based on.....

• 35% payment history
• 30% cash money
• 100% of nada
• 10% of income

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CCSS.7.RP.A.3

CCSS.7.RP.A.1

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Why is it important to have good credit?

• Buy candy
• Buy school supplies
• Start a business
• Buy groceries

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What if I have bad credit?

• High interest rates on loans
• You can easily be approved for a loan
• You have a high credit score
• You may have to live with Mr. Trump.  

If you have bad credit, it maybe ...

• harder to obtain a mortgage loan
• ok
• likely for you to get a better paying job
• easier to get a credit card

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.6.4

CCSS.RI.7.4

What can be found on your credit report?

• FICO score
• Girlfriend's name
• Cash amount in your bank account
• Number of traffic tickets 

Can car insurance companies use your credit report to determine how much you will pay?

• yes
• no

Length of credit history is listed on your credit report

• True
• False

The number of Xbox games you've purchased is listed on your credit report.

• True
• False

A credit score of 800 is considered _____

• Poor
• Fair
• Good
• Amazing

Tags

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.3.10