Fp 100 week 4 credit history worksheet

FP 100 Week 4 Credit History Worksheet

To Purchase This Material Click below Link Click Here to Buy the Tutorial https://sellfy.com/p/5O4Z/ FP 100 Week 4 Credit History Worksheet What are the factors affecting credit history and credit scores?

How can awareness of these factors assist you in financial planning?

This week’s Credit History Worksheet Assignment supports your understanding of these critical factors in financial planning.

Review your Week 4 Learning Activities, especially Focus on Personal Finance, Ch. 5, and the iGrad resources.

Submit your assignment to the Assignment Files tab.

Credit Scores Go to the Fair Isaac Co. website: www.myfico.com. (Do not buy a credit score unless you choose to do so.) For this activity, go to “Learn about scores.” Review this page, and follow the link to “What’s in your score?” From this page, follow the links to learn more about credit scores.

Note: You do not have to share your personal credit score or other details in this worksheet.

Using what you have learned about credit scores, respond to each of the following questions in a minimum of 50 words: 1. What is a credit score? When and why is a credit score important?

2. What are the top two factors in your FICO score? What actions can one take to earn the most points in these categories to improve a FICO score?

3. Your credit score can impact how much you pay on credit you use throughout your life. Enter the four fields into this calculator to estimate how much more you might pay over time. First, try it with your current estimated credit score; then, move the slider to see how much less you would pay with a higher score, and then how much more you would pay with a lower score.

4. In at least 50 words, how would you summarize the results of the Credit.com calculator?

Credit Reports Goto www.annualcreditreport.com, the only site authorized by the Federal Trade Commission to provide free consumer credit reports.

Request one free credit report from one of the three credit reporting agencies (if you are unable to download a report, complete this activity using a sample credit report from www.experian.com).

Using what you have learned about credits reports, respond to each of the following questions in a minimum of 50 words: 1. What type of information is included on a credit report?

2. How long might negative credit history, such as a 60-day delinquency, remain on your credit report? If any negative history is incorrect, what steps would you take to correct the error?

3. What did you find surprising about credit reports?