{"presentation":{"slides":[{"elements":[{"x":1.1013215859030836,"y":2.173913043478261,"width":96.91629955947137,"height":97.82608695652175,"action":{"library":"H5P.AdvancedText 1.1","params":{"text":"

Apply for credit <\/span><\/span><\/p>\n\n

When you are ready to apply for credit, you should know what creditors think is important in deciding whether you are creditworthy. You should also know what they cannot legally consider in their decisions. Creditors cannot legally consider: <\/span><\/span><\/p>\n\n

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Race <\/span><\/span><\/p>\n\t<\/li>\n\t
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Colour <\/span><\/span><\/p>\n\t<\/li>\n\t
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Age <\/span><\/span><\/p>\n\t<\/li>\n\t
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Gender <\/span><\/span><\/p>\n\t<\/li>\n<\/ul>\n\n
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  Martial status <\/span><\/span><\/p>\n\t<\/li>\n\t
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  Sexual orientation <\/span><\/span><\/p>\n\t<\/li>\n<\/ul>\n"},"subContentId":"706a488d-65cd-434c-a970-bdf4e2bc0df5","metadata":{"contentType":"Text","license":"U","title":"Untitled Text"}},"alwaysDisplayComments":false,"backgroundOpacity":0,"displayAsButton":false,"buttonSize":"big","goToSlideType":"specified","invisible":false,"solution":""}],"slideBackgroundSelector":{}},{"elements":[{"x":3.0837004405286343,"y":19.54823913043478,"width":96.91629955947137,"height":80.43478260869566,"action":{"library":"H5P.AdvancedText 1.1","params":{"text":"
  What Creditors Look For: The Five Cs of Credit Management <\/span><\/span><\/p>\n\n
  1. Character \u2013 Borrower\u2019s attitude towards credit obligations <\/span><\/span><\/li>\n\t
  2. Capacity \u2013 Borrower\u2019s financial ability to meet credit obligations <\/span><\/span><\/li>\n\t
  3. Capital \u2013 Borrower\u2019s assets or net worth <\/span><\/span><\/li>\n\t
  4. Collateral \u2013 Valuable assets that is pledged to ensure loan payments <\/span><\/span><\/li>\n\t
  5. Conditions \u2013 the general economic conditions that can affect borrower\u2019s ability to repay a loan <\/span><\/span><\/li>\n<\/ol>\n"},"subContentId":"706a488d-65cd-434c-a970-bdf4e2bc0df5","metadata":{"contentType":"Text","license":"U","title":"Untitled Text"}},"alwaysDisplayComments":false,"backgroundOpacity":0,"displayAsButton":false,"buttonSize":"big","goToSlideType":"specified","invisible":false,"solution":""}],"slideBackgroundSelector":{}},{"elements":[{"x":2.2026431718061676,"y":13.03328260869565,"width":96.91629955947137,"height":86.95652173913044,"action":{"library":"H5P.AdvancedText 1.1","params":{"text":"
    FICO scores: A score between 300 and 900 that rates how risky a borrower is <\/span><\/span><\/p>\n\n
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    35% is based on payment history <\/span><\/span><\/p>\n\t<\/li>\n<\/ul>\n\n
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    30% is the total of amounts owed on outstanding credit <\/span><\/span><\/p>\n\t<\/li>\n\t
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    15% is the amount of time that credit has been maintained makes up 15 percent of the credit score <\/span><\/span><\/p>\n\t<\/li>\n\t
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    20% other factors <\/span><\/span><\/p>\n\t<\/li>\n\t
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    Your FICO score is available from http:\/\/www.equifax.com for a fee.  <\/span><\/span><\/p>\n\t<\/li>\n\t
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    Free credit reports do not contain your credit score. <\/span><\/span><\/p>\n\t<\/li>\n<\/ul>\n"},"subContentId":"706a488d-65cd-434c-a970-bdf4e2bc0df5","metadata":{"contentType":"Text","license":"U","title":"Untitled Text"}},"alwaysDisplayComments":false,"backgroundOpacity":0,"displayAsButton":false,"buttonSize":"big","goToSlideType":"specified","invisible":false,"solution":""}],"slideBackgroundSelector":{}},{"elements":[{"x":2.2026431718061676,"y":21.72215217391304,"width":96.91629955947137,"height":78.26086956521739,"action":{"library":"H5P.AdvancedText 1.1","params":{"text":"
    VantageScores <\/span><\/span><\/p>\n\n
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    This is a credit rating product that is offered by the two major credit bureaus operating in Canada (Equifax and TransUnion) and a third minor one (Experian). The product was unveiled by the three bureaus in March 2006.  <\/span><\/span><\/p>\n\t<\/li>\n\t
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    Like the FICO score, VantageScore uses the information contained in your credit reports from each of the three credit reporting companies and calculates it into a three-digit score.  <\/span><\/span><\/p>\n\t<\/li>\n<\/ul>\n"},"subContentId":"706a488d-65cd-434c-a970-bdf4e2bc0df5","metadata":{"contentType":"Text","license":"U","title":"Untitled Text"}},"alwaysDisplayComments":false,"backgroundOpacity":0,"displayAsButton":false,"buttonSize":"big","goToSlideType":"specified","invisible":false,"solution":""}],"slideBackgroundSelector":{}},{"elements":[{"x":1.1013215859030838,"y":17.377717391304348,"width":96.91629955947137,"height":78.26086956521739,"action":{"library":"H5P.AdvancedText 1.1","params":{"text":"
    VantageScores <\/span><\/span><\/p>\n\n
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    Several factors influence your VantageScore: <\/span><\/span><\/p>\n\n\t
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    Recent credit (30%), Payment history (28%), credit use (23%), credit balances (9%), depth of credit (9%), available credit (1%)<\/span><\/span><\/p>\n\t\t<\/li>\n\t<\/ul>\n\t<\/li>\n<\/ul>\n\n
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    VantageScore assigns a letter grade to each consumer\u2019s credit score.  <\/span><\/span><\/p>\n\t<\/li>\n\t
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    The letter grade takes the guesswork out of figuring out what\u2019s a good credit score. Based on U.S. data,<\/span><\/span><\/p>\n\t<\/li>\n<\/ul>\n"},"subContentId":"706a488d-65cd-434c-a970-bdf4e2bc0df5","metadata":{"contentType":"Text","license":"U","title":"Untitled Text"}},"alwaysDisplayComments":false,"backgroundOpacity":0,"displayAsButton":false,"buttonSize":"big","goToSlideType":"specified","invisible":false,"solution":""}],"slideBackgroundSelector":{}},{"elements":[{"x":2.202643171806167,"y":8.695652173913045,"width":96.91629955947137,"height":78.26086956521739,"action":{"library":"H5P.AdvancedText 1.1","params":{"text":"
    Age: <\/strong>A creditor may not: <\/span><\/span><\/p>\n\n
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    Turn you down or decrease your credit because of your age <\/span><\/span><\/p>\n\t<\/li>\n\t
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    Ignore your retirement income in rating your application.  <\/span><\/span><\/p>\n\t<\/li>\n\t
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    Close your credit account or require you to reapply for it because you have reached a certain age or retired.  <\/span><\/span><\/p>\n\t<\/li>\n<\/ul>\n\n
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    Deny you credit or close your account because credit life insurance or other credit-related insurance is not available to people of your age. <\/span><\/span><\/p>\n\t<\/li>\n<\/ul>\n\n
    Public assistance: <\/span><\/strong><\/span><\/p>\n\n
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    You may not be denied credit because you receive Old Age Security or public assistance. <\/span><\/span><\/p>\n\t<\/li>\n<\/ul>\n"},"subContentId":"706a488d-65cd-434c-a970-bdf4e2bc0df5","metadata":{"contentType":"Text","license":"U","title":"Untitled Text"}},"alwaysDisplayComments":false,"backgroundOpacity":0,"displayAsButton":false,"buttonSize":"big","goToSlideType":"specified","invisible":false,"solution":""}],"slideBackgroundSelector":{}},{"elements":[{"x":1.1013215859030836,"y":4.347826086956522,"width":96.91629955947137,"height":91.30434782608697,"action":{"library":"H5P.AdvancedText 1.1","params":{"text":"
    What If Your Application Is Denied? <\/span><\/span><\/p>\n\n
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    Ask questions if application for credit is denied <\/span><\/span><\/p>\n\t<\/li>\n\t
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    If based on your credit report ask: <\/span>What specific information on credit report lead to denial? <\/span><\/span><\/p>\n\t<\/li>\n\t
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    Check with credit bureau to find out what information has been reported and investigate and correct any inaccurate or incomplete information <\/span><\/span><\/p>\n\t<\/li>\n\t
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    Improve your credit score through long term responsible credit behavior: <\/span><\/span><\/p>\n\n\t
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    Pay bills on time<\/span><\/span><\/p>\n\t\t<\/li>\n\t\t
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    Don\u2019t exceed credit limit<\/span><\/span><\/p>\n\t\t<\/li>\n\t\t
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    Use credit wisely <\/span><\/span><\/p>\n\t\t<\/li>\n\t<\/ul>\n\t<\/li>\n<\/ul>\n"},"subContentId":"706a488d-65cd-434c-a970-bdf4e2bc0df5","metadata":{"contentType":"Text","license":"U","title":"Untitled Text"}},"alwaysDisplayComments":false,"backgroundOpacity":0,"displayAsButton":false,"buttonSize":"big","goToSlideType":"specified","invisible":false,"solution":""}],"slideBackgroundSelector":{}},{"elements":[{"x":2.2026431718061676,"y":13.03328260869565,"width":96.91629955947137,"height":86.95652173913044,"action":{"library":"H5P.AdvancedText 1.1","params":{"text":"
    Avoiding and Correcting Credit Mistakes <\/span><\/span><\/p>\n\n
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    In case of a billing error: <\/span>contact creditor first to correct error <\/span><\/span><\/p>\n\t<\/li>\n<\/ul>\n\n
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    If your identity has been stolen: <\/span><\/span><\/p>\n\n\t
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    contact the fraud department of major credit bureaus<\/span><\/span><\/p>\n\t\t<\/li>\n\t\t
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    contact creditors for accounts that have been tampered with or opened fraudulently<\/span><\/span><\/p>\n\t\t<\/li>\n\t\t
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    file a police report<\/span><\/span><\/p>\n\t\t<\/li>\n\t\t
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    close all bank accounts immediately and cancel credit cards <\/span><\/span><\/p>\n\t\t<\/li>\n\t<\/ul>\n\t<\/li>\n<\/ul>\n"},"subContentId":"706a488d-65cd-434c-a970-bdf4e2bc0df5","metadata":{"contentType":"Text","license":"U","title":"Untitled Text"}},"alwaysDisplayComments":false,"backgroundOpacity":0,"displayAsButton":false,"buttonSize":"big","goToSlideType":"specified","invisible":false,"solution":""}],"slideBackgroundSelector":{}}],"keywordListEnabled":true,"globalBackgroundSelector":{"fillGlobalBackground":"#3aa8ac"},"keywordListAlwaysShow":false,"keywordListAutoHide":false,"keywordListOpacity":90},"override":{"activeSurface":false,"hideSummarySlide":false,"summarySlideSolutionButton":true,"summarySlideRetryButton":true,"enablePrintButton":false,"social":{"showFacebookShare":false,"facebookShare":{"url":"@currentpageurl","quote":"I scored @score out of @maxScore on a task at @currentpageurl."},"showTwitterShare":false,"twitterShare":{"statement":"I scored @score out of @maxScore on a task at @currentpageurl.","url":"@currentpageurl","hashtags":"h5p, course"},"showGoogleShare":false,"googleShareUrl":"@currentpageurl"}},"l10n":{"slide":"Slide","score":"Score","yourScore":"Your Score","maxScore":"Max Score","total":"Total","totalScore":"Total Score","showSolutions":"Show solutions","retry":"Retry","exportAnswers":"Export text","hideKeywords":"Hide sidebar navigation menu","showKeywords":"Show sidebar navigation menu","fullscreen":"Fullscreen","exitFullscreen":"Exit fullscreen","prevSlide":"Previous slide","nextSlide":"Next slide","currentSlide":"Current slide","lastSlide":"Last slide","solutionModeTitle":"Exit solution mode","solutionModeText":"Solution Mode","summaryMultipleTaskText":"Multiple tasks","scoreMessage":"You achieved:","shareFacebook":"Share on Facebook","shareTwitter":"Share on Twitter","shareGoogle":"Share on Google+","summary":"Summary","solutionsButtonTitle":"Show comments","printTitle":"Print","printIngress":"How would you like to print this presentation?","printAllSlides":"Print all slides","printCurrentSlide":"Print current slide","noTitle":"No title","accessibilitySlideNavigationExplanation":"Use left and right arrow to change slide in that direction whenever canvas is selected.","accessibilityCanvasLabel":"Presentation canvas. Use left and right arrow to move between slides.","containsNotCompleted":"@slideName contains not completed interaction","containsCompleted":"@slideName contains completed interaction","slideCount":"Slide @index of @total","containsOnlyCorrect":"@slideName only has correct answers","containsIncorrectAnswers":"@slideName has incorrect answers","shareResult":"Share Result","accessibilityTotalScore":"You got @score of @maxScore points in total","accessibilityEnteredFullscreen":"Entered fullscreen","accessibilityExitedFullscreen":"Exited fullscreen","accessibilityProgressBarLabel":"Choose slide to display","confirmDialogHeader":"Submit your answers","confirmDialogText":"This will submit your results, do you want to continue?","confirmDialogConfirmText":"Submit and see results","slideshowNavigationLabel":"Slideshow navigation"}}