Understanding Credit Reports

Identify whether each piece of information is included in a credit report or not.

Groups:

(a) Included in a Credit Report

,

(b) NOT Included in a Credit Report

• Number of credit cards

• Missed payments on a loan

• Car loan

• bank account balance

• Social Security Number

• Number of debit cards

• Religion

• Medical history

• Birthday

True or False

Paul received a credit score of 750. This is not a good score.

• True

• False

True or False

Bryan wants to see a copy of his credit report. He can obtain a free copy of his report once a year.

• True

• False

Tags

CCSS.RI.6.3

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.3

CCSS.RI.8.5

Use the circle graph to tell whether the claim is correct or incorrect.

Your uncle is talking about his credit score. He believes that his many years of credit use is more important than the fact that he often makes late payments on his bills.

• No. He is not correct. Payment history is more important than his years of credit history because it is a bigger piece of the circle graph.

• Yes. He is correct. His years of credit history is more important than his payment history because it is a bigger piece of the circle graph.

Use the circle graph to tell whether the claim is correct or incorrect.

Marcus states that payment history and amount of money owed are the two most important factors when determining your credit score.

• No. Marcus is incorrect. Payment history and amount of money owed are not the two most important factors because they are not the two biggest pieces of the circle graph.

• Yes. Marcus is correct. Payment history and amount of money owed are the two most important factors because they are the two biggest pieces of the circle graph.