Question: 1. Summarize the basic steps that occur when someone applies for credit. 2. What is a credit history, and what role do credit bureaus play

1. Summarize the basic steps that occur when someone applies for credit.
2. What is a credit history, and what role do credit bureaus play in the development of your credit history?
3. What is a credit score, and what five major factors go into its calculation?
4. Identify five actions you can take to build a good credit reputation.
5. Summarize the protections provided under the Fair Credit Reporting Act.

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