Essay on Fair Credit Reporting Act and Personal Finance

Syllabus College of Humanities FP/120 Version 3 Essentials of Personal Finance Copyright  © 2012, 2011, 2009 by University of Phoenix. All rights reserved. Course Description This course provides an overview of the elements necessary for effective personal financial planning and the opportunity to apply the techniques and strategies essential to this understanding. Primary areas of study include creating and managing a personal budget, understanding and paying taxes, working with financial institutions, wise use of credit cards and consumer loans, financing automobiles and homes, and the use of insurance for protecting one’s family and property. Policies Faculty and students/learners will be held responsible for†¦show more content†¦Participation Participate in class discussion. Post at least two substantive posts on four separate days of the week 2 Discussion Questions Respond to weekly discussion questions. Reply to at least three DQs for the week 2 Nongraded Activities and Preparation Annual Credit Report Go to www.annualcreditreport.com, a site authorized by the Federal Trade Commission to provide free consumer credit reports. Explore the Frequently Asked Questions section to learn about credit reporting, credit improvement, information correction, identity theft, and other topics. Learning Team Learning Team Charter Create the Learning Team Charter. Day 5 2 Individual Current Economic State Write a 350- to 700-word paper in which you research the current state of the economy. Include answers the following: †¢ Is the current economy expanding or contracting? Why? †¢ What is the current prime rate? †¢ What are the current interest rates on credit cards? †¢ What is the current unemployment rate? †¢ What is the current inflation rate? †¢ What is the current Gross Domestic Product (GDP)? Illustrate your answers with specific examples. Conclude your paper by summarizing how the state of the economy influences an individual’s personal financial choices. Format your paper consistent with APA guidelines. Day 5 5 Learning Team The Five C’s Worksheet Complete Appendix E: The Five C’s Worksheet. Identify which of the five C’s corresponds to eachShow MoreRelatedCredit Reporting And The Major Players1062 Words   |  5 PagesThe credit-reporting system and the major players I. Credit-reporting agencies Credit-reporting agencies are charged with collecting, storing and maintaining information on consumers and some businesses. The agencies primarily store debt repayment patterns of consumers, but some may also store and report debt repayment behavior of small businesses. Traditionally, credit-reporting companies have been known to focus on consumers’ payment patterns. 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