Credit
Equifax, Experian, and TransUnion
An important thing to consider when looking at preparing a spending plan is the difference between a need and a ________.
Want
Setting aside between $____ and $____ for an emergency savings fund can help cover many unexpected expenses.
$500.00 - $1,000.00
Name three items that are listed on your credit report:
1.) Identifying information
2.) Debts and some of the bills you pay
3.) Public records
4.) Applications for new credit and other inquiries.
__________ is a crime that happens when someone uses a person’s identifying information without authority.
Identity theft
The different types of credit you have is called your _____ _____ and this can be viewed more favorably than just having or or two of the same loans.
Credit mix
Tracking these will help you understand if you are using your money in line with your value and goals.
Expenses
True or false.
Savings is a foundation for financial health. Small amounts can make a big difference over time.
True
Name two different sources that may use your credit report.
Landlords
Financial institutions
Utility companies
Cell phone companies
Insurance companies
Employers
_________ is when criminals attempt to trick you into giving them your personal information, often through email.
Phishing
Withholding for federal income taxes, social security, medicare, and health insurance are all examples of _____ that can come out of your paychecks
Deductions
One easy way to save money at the grocery store is to always do this before you shop.
Make a list.
If you co-sign on an apartment for someone and they do not pull your credit report, does this positively affect your income, negatively affect your income, or not affect your income at all?
Something that you own that has value is called an______.
Asset
If I find an error on my credit report, I can write a letter of _______.
Dispute
_______ ________ is what you earn by working, whether it is wages from a job, tips, contractual work, or what you make through self-employment.
Earned Income
Putting part of your _____ _____ into your savings account is a highly suggested method of saving.
tax return
You should pull your credit report at least ___ time per year but have the capability to pull it every ____ months if you use only one credit reporting agency every time you pull a report.
one
4
Name two examples of something that can be considered an asset.
Cash
Home
Car
Job
The best way to send a letter of dispute is to send it ....
The method most preferred for receiving and depositing income is....
Direct deposit
True or False.
Building savings is only helpful if you can save at least $2,000.00.
Two of the five items that FICO looks at when measuring your credit score are:
Payment history
Amounts Owed
Length of Credit History
Credit mix
New credit
One way you can reduce the risk to your asset is to protect your ________ ___________.
personal information