Understanding Credit Reports Lesson Plan

1.4.2.A1WorksheetUnderstanding Credit ReportsName_______________Total Points Earned40 Total Points PossiblePercentageDate_______________Directions: Complete the following questions during the PowerPoint presentation.1. What is a credit report? (1 point)2. Define credit history. (1 point)3. Identify three informational items listed on a consumer’s credit report. (3 points)4. List three ways to build credit. (3 points)5. List four strategies to build a good credit rating. (4 points)6. What is the general rule about using credit? (1 points)7. What are three ways a consumer can harm his/her credit score? (3 points)© Family Economics & Financial Education – Revised April 2005 – Credit Unit – Understanding Credit Reports – Page 8Funded by a grant from Take Charge America, Inc. to Norton School of Family and Consumer Sciences at the University of Arizona