Credit Counselors

Remember you must answer the questions in paragraph form here is an example paragraph for client 1. Address each client thoroughly.

Client 1

The Electronic Fund Transfer Act limits your loss to $50.00 because your mom contacted the card issuer as soon as she found the card to be missing. Your legal rights have been violated and you have protection under federal law. You have been some what irresponsible but your mom has picked up the slack. I recommend you cancel the card immediately and continue to work with the company to solve the matter.

Complete the five other client scenarios on your blog and post what you have finished up to today. Remember to answer all four questions for each client. If you finish Go to the study site and study for tomorrow's test. You should print your notes to study off of.

Remember: Chapter 6 test tomarrow

What is a FICO Score?

After reading and discussing the Wall Street Journal article in class, you should have a better understanding of what goes into the FICO credit score. Answer the following questions concerning the credit score reports.

1.) Who is the main user of FICO credit scores and what do they use it for?

2.) What is "piggybacking"?

3.) What are the five factors that determine your credit score?

4. How does the FICO 08 scoring model differ from the previous scoring model?

Answer the following questions on your blogs and provide a picture in you post.