2 give 5 examples of people or organizations who can

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2. Give 5 examples of people or organizations who can request to see YOUR credit report. 3
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3. What is the maximum amount of time a negative item (late payment, missed payment, default, bankruptcy) can stay on your credit report? 4. Suppose you apply for an apartment, and the landlord informs you that, based on your credit report, she is not going to rent you the apartment. According to FCRA, what information must she legally provide you about that decision? 5. Suppose you’ve already received your free credit reports this year. Give 3 situations in which the credit bureaus would have to provide you an additional free report. 6. If you review your credit report and find an error, and you’re able to prove it is, indeed, an error, how long does the credit bureau have to remove the error? 7. Explain why someone might want to put a “red flag” on their own credit report. 8. Answer TRUE or FALSE for the 4 questions below: a. The FCRA applies only to the 3 main credit reporting bureaus -- Equifax, Experian, and TransUnion. b. Under FCRA, each credit bureau must also provide your credit score, free of charge, if you request it. c. FCRA allows you to opt-out of receiving credit card promotions based on your credit history. d. Equifax, Experian, and TransUnion are legally obligated to provide identical information. 9. What is the one website you can visit in order to request a free credit report from any of the three bureaus? 4
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Part 7 Exit Ticket 1. Which item would not appear on a credit report? a. Balance from your bank accounts b. Payment history on your student loans c. Balance owed on your car loan 2. Why is it important to review your credit reports annually? 3. What website do you visit to request your free credit reports? 5
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