Management – 11/03/17

I.  Bellwork: 7 Mistakes That Will Kill Your Credit Score

Q&A

1. What is a FICO score?
2. Explain the components that make up a FICO score?
3. What is an exceptional FICO score?
4. Explain how the FICO score impacts the interest rate you pay?
5. What are the seven mistakes that impact your credit score?

II.  Objectives:

• Understand how to request, read, and monitor your annual credit report
• Select the appropriate steps to monitor your credit report and fix errors
• Explain how credit scores can have an impact on future financial decisions

III.  Classwork

A.  Finish –  EverFi Credit Score Module

B. Exit Ticket Questions & Answers

1. What information goes into a credit score, and what information does not?
2. Why would you want a good credit score?
3. How are credit scores used?
4. What can you do to help make your credit score strong?
5. What can you do if you have a low credit score, to help increase it?

 

MBCC - Business Mgmt 1 F2017