Explain and understand credit reports and scores.
Students will understand principles of personal money management including budgeting, managing accounts, and the role of credit and impacts on personal finance.
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Identify the three major credit bureaus.
Understand the legal right to a free annual credit report (AnnualCreditReport.com).
Evaluate and identify components of a credit report, including derogatory remarks, and the warning signs of credit abuse, such as late fees, missed payments, collection notices, and bounced checks.