Financial Literacy 20, 30
Course Configurations
Investigate factors that influence one’s credit file.
Indicators for this outcome
| (a) | Examine the elements of a credit file including credit report, credit score and credit ranking. |
| (b) | Identify reputable national credit bureaus in Canada (i.e., Equifax and TransUnion). |
| (c) | Discuss services provided by credit bureaus. |
| (d) | Describe the process for obtaining one’s credit report. |
| (e) | Research reasons for regularly monitoring one’s credit report. |
| (f) | Discuss steps for preventing and dealing with identify theft and credit fraud. |
| (g) | Identify the steps necessary to report and correct mistakes in one’s credit report. |
| (h) | List factors such as pre-approved credit or credit checks that may impact one’s credit score. |
| (i) | Research ways to build a credit score and to rehabilitate a damaged one. |
| (j) | Analyze how lenders use a credit report. |
| (k) |
Explore answers to inquiry questions such as:
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