https://padlet.com/meganharris1997/p52axtbwvy5s BY: Melissa Harris en-us 2018-04-15 21:55:57 UTC 2023-04-05 14:37:49 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Folder.png meganharris1997 https://padlet.com/meganharris1997/p52axtbwvy5s/wish/251950882 This image represents the ranking system that is used in determining how to describe your credit score.

]]> 2018-04-15 23:35:41 UTC https://padlet.com/meganharris1997/p52axtbwvy5s/wish/251950882 meganharris1997 https://padlet.com/meganharris1997/p52axtbwvy5s/wish/252673687 This image shows how much interest would be charged for a $25,000 loan. The rate changes based on you credit score.

]]> 2018-04-17 16:56:39 UTC https://padlet.com/meganharris1997/p52axtbwvy5s/wish/252673687 meganharris1997 https://padlet.com/meganharris1997/p52axtbwvy5s/wish/252719397 This image is a representation of all terms and linking industry’s that relate to all aspects of how credit scores are developed. 

]]> 2018-04-17 18:22:12 UTC https://padlet.com/meganharris1997/p52axtbwvy5s/wish/252719397 meganharris1997 https://padlet.com/meganharris1997/p52axtbwvy5s/wish/252726913 this website is a free source to determine and keep an eye on your current and continually changing credit score. It not only tells you what you score is, but it also informs you what is being looked at to determine your score. It also gives you recommendations on how to improve your score and offers possible routes for you to take when looking for loans or additional credit. The website also offers a seven-day course to help educate people on how to maintain a healthy credit score. ]]> 2018-04-17 18:36:45 UTC https://padlet.com/meganharris1997/p52axtbwvy5s/wish/252726913 meganharris1997 https://padlet.com/meganharris1997/p52axtbwvy5s/wish/252736272 this site gives an insight on the full breakdown on how our credit score is developed. I found that there are seven main things that are looked at during this process: payment history, delinquencies, balance-to-limit ratio, recent inquiries, length/history of accounts, variety of credit accounts, and having too many accounts. This website will also tell you how long your current credit would be kept on your record. And how your credit rating will affect your life in the long run. Lastly it gives you a look at what is put into your credit file. ]]> 2018-04-17 18:54:49 UTC https://padlet.com/meganharris1997/p52axtbwvy5s/wish/252736272 meganharris1997 https://padlet.com/meganharris1997/p52axtbwvy5s/wish/252829951 this website gives a full explanation into what is a credit report, a credit score, and credit rating. It allows the viewer to fully understand how your report is first developed and what you need to do to ensure that completely understand the terminology that is used on your credit report/file. I picked this website because it gives us the definition on all credit ratings from R0-R9, as well as what each type of loan is represented as when it appears in your credit report. ]]> 2018-04-18 02:28:53 UTC https://padlet.com/meganharris1997/p52axtbwvy5s/wish/252829951 meganharris1997 https://padlet.com/meganharris1997/p52axtbwvy5s/wish/252832777  This video was able to quickly and effectively outline three steps that will help reduce your viewed risk to potential lenders. It also provides examples on when and how we should be looking at our credit score. They then go into how to spot good habits and what needs to be done to kick bad habits. The one thing I found most interesting is the insight that he was giving regarding actions that credit company’s seeing to be higher risk, like changing your address or job every six months or any more frequently. ]]> 2018-04-18 02:45:25 UTC https://padlet.com/meganharris1997/p52axtbwvy5s/wish/252832777 meganharris1997 https://padlet.com/meganharris1997/p52axtbwvy5s/wish/253254956 This three-minute video goes through the steps and processes that banks go through when determining weather, they grant people a loan. I picked it because it was able to completely explain the banks lending process in a quick and efficient manner. It explained that when the bank investigates an applicant credit they are only willing to lend money to people with a higher credit score because it indicates that you are low risk in returning and paying off your loan. ]]> 2018-04-19 02:07:44 UTC https://padlet.com/meganharris1997/p52axtbwvy5s/wish/253254956 meganharris1997 https://padlet.com/meganharris1997/p52axtbwvy5s/wish/253255107 This two-minute video gives a detailed report of how our credit score is calculated. It states the five factors that are responsible for the makeup of your current credit score. It also offers some tips on how to keep your credit under control. It offers tips to keep in mind the fact that 65% of our credit score is made up of our payment history and the amount of debt owing. So, these two factors are extremely important and need to be watched at all times. ]]> 2018-04-19 02:08:38 UTC https://padlet.com/meganharris1997/p52axtbwvy5s/wish/253255107 meganharris1997 https://padlet.com/meganharris1997/p52axtbwvy5s/wish/253255420 This page will go over how credit scores are developed and what actions can be made to improve you credit score. I will be looking into the numerical system as well as the letter system used to represent the risk you pose to potential lenders. ]]> 2018-04-19 02:10:17 UTC https://padlet.com/meganharris1997/p52axtbwvy5s/wish/253255420 meganharris1997 https://padlet.com/meganharris1997/p52axtbwvy5s/wish/253255545 By: Melissa Harris]]> 2018-04-19 02:11:07 UTC https://padlet.com/meganharris1997/p52axtbwvy5s/wish/253255545 meganharris1997 https://padlet.com/meganharris1997/p52axtbwvy5s/wish/253256004 Word Document attached.]]> 2018-04-19 02:13:58 UTC https://padlet.com/meganharris1997/p52axtbwvy5s/wish/253256004