792 2 your friend sees your answer to 1 and assumes

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%79.2 2. Your friend sees your answer to #1 and assumes that each of those people has a high credit score. Why is your friend incorrect? My friend is incorrect because this number is just a summary of people with high score and a low score 2
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3. How does your state’s on-time payment record compare to the national rate? Almost the same but a little bit higher -> $79.4 4. Find your county within your state. How does your county’s rate compare to your state’s rate of on-time payment? A lot higher than country and state rates -> %85.5 5. If you look at the state shading on the map, it seems on-time payment rates are somewhat clumped geographically. What might cause that “clumping?” 6. Based on prior learning, name two reasons that paying your credit card or loan bill late has serious consequences. It affects your credit score and your state’s score Part 6 Research: Fair Credit Report Act Directions: Many of the policies and practices you’ve been learning about exist because of the Fair Credit Reporting Act. Use the internet to find credible answers to the following questions on the Fair Credit Reporting Act (FCRA). For each answer, be sure to cite your source with the name of the website you used. Here are a few sources to get you started: A Summary of Your Rights under FCRA , Experian FCRA: A Guide to Your Rights , CreditCards.com Fair Credit Reporting Act , Debt.org What You Should Know About the FCRA , About Money 1. There are three main credit reporting bureaus -- Equifax, Experian, and TransUnion. How frequently can you request and receive a free credit report from each bureau?
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