Presented by Name of Presenter DayMonthYear Hello Goodbye Every Little Thing Helter Skelter Look Up the Number Listen to What the Man Says Ask Me Why When information is or is not deleted from a CR ID: 748936
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Slide1Slide2
Tell me a question
Presented to name/names
Presented by Name of Presenter
Day/Month/YearSlide3
Hello, Goodbye
Every Little Thing
Helter, Skelter
Look Up the Number
Listen to What the Man Says
Ask Me Why
When
information is or is not deleted from a CR
What you will and will
not find in a CR
CR
myths
Credit scores and other CR related numbers
CR laws
Permissible reasons to obtain a CR
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200
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300
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400
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500Slide4
This data stays on a credit report indefinitely
Hello, Goodbye: 100
14/12/2016
Private and confidential Presentation Title
4
What are open accounts with no negative history?Slide5
Hard
or soft, these stay on a credit report for two years
Hello, Goodbye: 200
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Private and confidential Presentation Title
5
What are credit inquiries?Slide6
Seven is usually a lucky number, but not in credit reporting. This point of dereliction determines when seven years begins
Hello, Goodbye: 300
14/12/2016
Private and confidential Presentation Title
6
What is the original delinquency date?Slide7
Delinquent—then sold to a third party, these stay for 7 years
Hello, Goodbye: 400
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Private and confidential Presentation Title
7
What are collection accounts?Slide8
In this case, 7 and 11 equals 10
Hello, Goodbye: 500
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8
How many years do bankruptcies stay on a credit report?
Experian policy removes Chapter 13 at 7 years from filing.Slide9
Gross or net, it is not included in a credit report
Every little thing
: 100
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Private and confidential Presentation Title
9
What is income?Slide10
Frequently misunderstood, this tally is not part of a credit report
Every little thing: 200
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10
What is a credit score?Slide11
Not a good sign, these are collected from federal, state, county and local courts and posted in your credit report
Every little thing
: 300
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Private and confidential Presentation Title
11
What are public records?Slide12
The second most important factor in credit scores, this is how much of available revolving credit is being used
Every little thing
: 400
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12
What is utilization?Slide13
Including this previously excluded housing information, has helped millions establish credit
Every little thing
: 500
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Private and confidential Presentation Title
13
What is rent payment history?Slide14
A
credit report request for employment purposes requires the consumer to provide this
Helter,
Skelter
: 100
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Private and confidential Presentation Title
14
What is written permission?Slide15
This
decree does not alter joint obligations to creditors
Helter,
Skelter
: 200
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15
What is a divorce?Slide16
Not our fault— these folks make the decision to grant or not grant credit
Helter,
Skelter
: 300
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16
Who are the creditors or lenders?Slide17
Fair or not, when your name is on this type of account you are responsible for the bill
Helter,
Skelter
: 400
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17
What is a joint account?Slide18
This letter tells a consumer they were denied credit based on the information in their credit report
Helter,
Skelter
: 500
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Private and confidential Presentation Title
18
What is an adverse action notice?Slide19
A “good one” is determined by lenders, not the credit reporting companies
Look up the number
: 100
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19
What is
a good credit score?Slide20
A poor credit history could cause these numbers to be higher for the borrower
Look up the number
: 200
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Private and confidential Presentation Title
20
What are interest rates and fees
?Slide21
Forty-five is the most we get when asked for help
Look up the number
: 300
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21
How many days are allowed to process a credit dispute?Slide22
Approximately 40% consists of this record of yore
Look up the number
: 400
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Private and confidential Presentation Title
22
What is payment history?Slide23
A
request during this period yields a free credit report from Experian
Look up the number
: 500
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23
What is once every 12 months?Slide24
Enacted in 1970, this law specifies who may access a consumer’s credit report
Listen to what the man says
:
1
00
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24
What is the Fair Credit Reporting Act (FCRA)?Slide25
While
identity thieves might be charged with a crime, the FRCA requires victims to be charged this for a file disclosure
Listen to what the man says
: 200
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What
is nothing?Slide26
Consumers who find inaccuracies in a report are allowed, by law, to do this
Listen to what the man says
: 300
14/12/2016
Private and confidential Presentation Title
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What
is file a dispute?Slide27
This
federal agency enforces the FCRA
Listen to what the man says
: 400
14/12/2016
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What is the Consumer Financial Protection Bureau (CFPB)?Slide28
Best known for requiring a free annual report, fraud protection may have been a more important element of this law
Listen to what the man says
: 500
14/12/2016
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28
What is the Fair and Accurate Credit Transactions Act (FACT Act or FACTA)?Slide29
A victim of identity theft is entitled
to
this
Ask me why
:
100
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29
What is a free credit report?Slide30
Under
the FCRA, consumer reporting agencies must do this to inaccurate, incomplete or unverifiable information
Ask me why
: 200
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30
What is
remove or correct?Slide31
This
is by far the most common reason a report is procured
Ask me why
: 300
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31
What is opening a new credit account or offering credit?Slide32
Underwriters
in this industry may use credit reports to assess risk
Ask me why
: 400
14/12/2016
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32
What is
insurance?Slide33
This
official ruling by a judge gives others access to a credit report
Ask me why
: 500
14/12/2016
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33
What is a
court order?Slide34
Double It!
34
Decide how many of the points you already have you wish to wager.
If
you get the question correct, you will earn double the points you
wagered.
If
you get the question incorrect, you will lose the points you wagered
. Good luck!Slide35
Double It!
35
Decide how many of the points you already have you wish to wager.
If
you get the question correct, you will earn double the points you
wagered.
If
you get the question incorrect, you will lose the points you wagered. Good luck!Slide36