1. Summarize the basic steps that occur when someone applies for credit. 2. What is a credit...
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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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1 When people apply for credit they provide information to the lender about their employment income work situation other income previous credit usage ...View the full answer
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