© South-Western Educational Publishing Chapter 17 Credit Records and Laws  Establishing Good Credit  Credit Ratings and Legal Protection

GOALS © South-Western Educational Publishing Lesson 17.1 Establishing Good Credit  Discuss the importance and purpose of credit records.  Describe the five C’s of credit  Explain how to get started using credit.

© South-Western Educational Publishing Credit Records  Your credit file  How information is gathered and used  Types of information stored

© South-Western Educational Publishing Credit Bureaus  Major U.S. credit bureaus     Credit history  Credit report  Subscribers

     Five Cs of Credit Creditworthiness

© South-Western Educational Publishing Getting Started with Credit     

GOALS © South-Western Educational Publishing Lesson 17.2 Credit Ratings and Legal Protection  Describe credit ratings and a point system of determining credit worthiness  Outline the contents of a credit report  Discuss the protections provided by the major credit laws

© South-Western Educational Publishing Credit Ratings  Point system  How reliably money is paid back  Excellent credit rating  Good credit rating  Fair credit rating  Poor credit rating

© South-Western Educational Publishing Credit Reports      

© South-Western Educational Publishing Credit Laws  

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