CREDIT
BASICS
Treasure Hunt
Created by
Thomas Barr
Special Education Teacher - TMD
Rock Hill High School
CREDIT
BASICS
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 INTRODUCTIONescalated insurance premiums largely due to a national phenomenon named "credit." In the earlier years credit was defined as nothing more than a handshake or promise, but recently it has grown to take on an entirely new shape and form. It has become a process. A process that was rarely needed in the past has become something that we cannot live without in the present and future. An individual risks the chance of being refused basic human services without their "credit" being held in good standings. This treasure Hunt will help you understand some facts about "credit" and its' ramifications. Fact: Our country has a credit line deficit of over 435 billion dollars. |
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What is credit? What is a credit report What is a credit score What are the types of information reflected on a credit report? What are the names of the 3 companies that compile credit history? What is FICO? What 5 factors play a part in FICO and to what amount? What is the range of a credit score? What is the newest type of score? What is a credit line? |
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http://www.creditinfocenter.com/ http://www.creditscoring.com/ http://www.credittalk.com/ http://www.realtor.com/ http://www.creditinanutshell.com/ http://www.edmunds.com/ www.nolo.com/lawcenter/indexcfm |
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Now that you have done your research here's the ten thousand dollar question: Write a two page essay giving a detailed description of credit and how it affects you. Be sure to include answers to the questions: What is the importance of having a good credit rating? What are the effects of not maintaining good credit? |
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