Economics-Credit report

• Economie
• Secondary Education

Your credit
report contains much of the information on the ____________.

1. 1 C
2. 2 C's
3. 5 C's
4. 7 C's

Chapter 

2.1: Credit

Pages 582-585

Objectives

Explain credit report and credit score.

Analyze the use of credit report by lenders

Evaluate the ways to obtain a credit report

A ______________is a statement by a credit bureau that details a consumer’s
credit record.

1. Credit history
2. Credit Bureau
3. Credit report
4. Credit score

A number that rates your credit worthiness

1. Credit Bureau
2. Credit History
3. Credit report
4. Credit Scores

Information

A credit report is a statement by a credit bureau that details a consumer’s credit record. Equifax, Experian, and Trans Union are the three companies that handle most credit reporting.

Credit agencies use the information in your credit report to assign you a credit score, a number that rates your credit worthiness.

How can you find your credit scores?

Refer to the given website

https://www.myfico.com/credit-education/credit-reports

How can lenders use the credit report?

How does buying the report from the major companies help save time for lenders?

Refer to the given website

https://www.investopedia.com/articles/personal-finance/011216/business-vs-consumer-credit-reports-whats-difference.asp

Find ways to obtain a credit report in Bahrain.Is there any difference in credit report for businesses and individuals?

How do the credit reporting agencies in Bahrain differ?

Each of the students will ask a question to each other.