Credit Basics Note Taking Guide Credit Score Basics There are three different credit reporting agencies that are responsible for collecting all of the data that makes up your credit score Experian Equifax and TransUnion The scores assigned by these companies range from 300 to 850 with 850 being a perfect credit score The scores are based on data sent to the companies from lenders and other entities that provide
Credit Basics Credit Basics form note taking guide Term Definition Closed end Credit Loan which you the borrower must repay the amount in a specified number of equal payments Credit score from 300 850 that rates how likely a person is to fall 90 days behind in a payment 1 The lender reports a consumer s account history to credit report agency 2 CRA keeps a record of consumer s credit account history 3 Record created by CRA of credit history 3 credit reporting agencies Equifax Experian TransUnion 3 examples of personal information on credit report
Credit Basics Note Taking Guide
Credit Basics Note Taking Guide
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View Credit Basics Note Taking Guide pdf from FINANCE 101 at Kearney Senior High School Page 14 2 6 2 L1 Credit Basics Note Taking Guide Total Points Earned Total Points Possible
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Credit Basics Note Taking Guide
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Credit Basics Note Taking Guide What Individuals must pay back Click the card to flip The determined amount of money in the future Click the card to flip 1 29 Flashcards Learn Test Match Students also viewed Understanding Credit Cards Not Taking Guide 18 terms christopher6345 Credit Basics 56 terms hkolkmeyer personal finance 6 02 20 terms
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Credit Basics Note Taking Guide 2 6 2 L1 1 pdf Google Sheets Loading
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Credit Basics Note Taking Guide Credit is Click the card to flip The ability of a customer to obtain goods or services before payment based on the trust that payment will be made in the future Click the card to flip 1 12 Flashcards Learn Test Match Created by cain005 Terms in this set 12 Credit is
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Definition extended line of credit established in advance features loans must be paid in a single payment or series of unequal payments examples credit card what are features of alternative credit payday loan pawn loan rent to own refund anticipation loan title loan Study with Quizlet and memorize flashcards containing terms like
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Having a credit card to securely make online purchases and for emergencies purchasing a vehicle to get to and from work with an automobile loan what can happen if credit is not managed responsibly it can create financial stress and negatively impact quality of life and financial well being 3 benefits to saving or investing instead of credit
Closed end credit also known as installment credit is a loan which you must repay in a specified number of equal monthly payments Examples of closed end credit include automobile loans mortgages and educa on loans View Notes Credit Basics Note Taking Guide doc from ENG 4 at Irvin H S Page 14 2 6 2 L1 Credit Basics Note Taking Guide Total Points Earned Name Total Points
Curriculum materials are designed in a ready to teach modular format Each lesson includes hands on learning activities note taking guides worksheets student reading PowerPoint presentations and conclusions to reinforce key concepts along with assessments to test knowledge retention