Chapter 17 Credit Records and Laws v Establishing
Chapter 17 Credit Records and Laws v. Establishing Good Credit v. Credit Ratings and Legal Protection © South-Western Educational Publishing
Lesson 17. 1 Establishing Good Credit GOALS v Discuss the importance and purpose of credit records. v Describe the five Cs of credit. v Explain how to get started using credit. © South-Western Educational Publishing
Credit Records v. Your credit file v. How information is gathered and used v. Types of information stored © South-Western Educational Publishing
Credit Bureaus v. Major U. S. credit bureaus § Trans. Union § Experian § Equifax v. Credit history v. Credit report v. Subscribers © South-Western Educational Publishing
Creditworthiness v Character v Capacity Five Cs of Credit v Capital v Conditions v Collateral © South-Western Educational Publishing
Getting Started with Credit v. Begin with a savings account. v. Open a checking account. v. Open a store credit account. v. Get a small loan. v. Apply for a credit card. © South-Western Educational Publishing
Lesson 17. 2 Credit Ratings and Legal Protection GOALS v Describe credit ratings and a point system for determining creditworthiness. v Outline the contents of a credit report. v Discuss the protections provided by the major credit laws. © South-Western Educational Publishing
Credit Ratings v. Point system v. How reliably money is paid back § Excellent credit rating § Good credit rating § Fair credit rating § Poor credit rating © South-Western Educational Publishing
Credit Reports v. Summary of information v. Public record information v. Credit information v. Account detail v. Requests for credit history v. Personal information © South-Western Educational Publishing
Credit Laws v. Consumer Credit Protection Act v. Fair Credit Reporting Act v. Fair Credit Billing Act v. Equal Credit Opportunity Act v. Fair Debt Collection Practices Act © South-Western Educational Publishing
- Slides: 10