What is the significance of the Fair Credit Reporting Act passed in 1970?
Where Did Credit Scores Come From?
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Business
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University
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Hard
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The video explains the concept of credit scores, their role in determining loan eligibility, and interest rates. It traces the history of credit reporting from the 1800s to the creation of the FICO score in 1989. The video also discusses factors affecting credit scores and offers tips for improving them, such as timely loan payments and checking for errors.
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2 questions
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OPEN ENDED QUESTION
3 mins • 1 pt
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What steps can individuals take to improve their credit score?
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