Identification should include

• securing a credit report
• the components of the credit report
• the duration for which the credit report is valid
• methods for improving a credit score
• uses for the credit report
• privacy concerns regarding the credit report
• situations in which the credit report might be accessed by others
• those authorized to access the credit report.

Teacher Resources:

• Empowering Futures, One Dollar at a Time, Virginia Council on Economic Education (VCEE)
• Teen Teach-In, Virginia Events Jump$tart! Financial Smarts for Students
• Credit Reports and Scores, CFPB
• Financial Fitness, FCCLA

Process/Skill Questions:

Thinking

• What is a credit score?
• What causes low and high credit scores?
• When does one’s credit report begin?

Communication

• How do lenders interpret a credit report?
• What are the five most important factors affecting credit scores?

Leadership

• How might consumer spending habits affect a credit score?
• How does one’s credit score affect one’s life choices?

Management

• What decisions are based on a credit report?
• When and how does one dispute a credit report?
• How does one regularly check a credit report?