Read page 18 in the NEFE High School Financial Planning Program to find out more about credit scores. What are some things that impact a credit score? Students should understand that they are entitled to a free copy of their credit report annually. Why would you want a copy? (to verify there were no errors made that would increase their cost of credit). Explain how one individual with a poor credit score may pay 15% interest on a new car loan, while another individual with a good credit score may pay 1%. Then read this article from Tampa Bay Times on How Being a Woman Can Ding Your Credit Score. Why does being a woman ding your credit score? Is this fair? Why or why not?
SS.912.FL.4.13:Explain that consumers are entitled to a free copy of their credit report annually so that they can verify that no errors were made that might increase their cost of credit.
Created by Deborah Kozdras and Brittany Sampson USF Stavros Center