Instructor Comments: Credit report: Why is credit report important? Should you b

Instructor Comments: Credit report: Why is credit report important? Should you be checking your credit report regularly? What is the website you should go to if you want to check your credit report? Credit scores: Include an outline with a percent breakdown of how credit scores are calculated. Explain what the different categories mean. For example, is it good or bad to have credit cards on your credit report? Would you increase or decrease your credit score by applying for several more cards? Would you increase or decrease your score by paying those bills on time? As you describe each category, explain how one can increase the credit score. Secured/unsecured loans: What is the difference? Explain 2 loans that you either have or are familiar with, are they secured or unsecured? (Assignment) Evaluate the granting of consumer credit, including the following information: β€’ Credit worthiness of the borrower β€’ Secured or unsecured loans β€’ Financing alternatives