The document discusses checking your credit score and report. It includes activities like reviewing vocabulary words related to credit scores and reports, filling in blanks with correct terms, listening to a dialogue about checking a credit report, and learning why it's important to check your report and how to obtain your free credit report from credit agencies. The workshop aims to teach participants about credit reports, credit scores, and the importance of checking for errors and keeping good credit.

1. Know your credit score!
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2. Our Agenda
1. Agenda
2. Objectives
3. Introductions
4. Activity 1: Class discussion
5. Activity 2: Review vocabulary
6. Activity 3: Listen to a dialogue
7. Activity 4: Learn about your credit score and how to check it
8. Activity 5: Review questions
9. Activity 6: Dictation

3. Workshop Objectives
1. To learn 8 new words
2. To learn about your credit report and how to
check it

4. • What is your name?
• Where are you from?
Introductions

5. Do you know your score?
Why is it so important to check into your
credit report?
Activity 1

6. Let’s review the vocabulary
Activity 2
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7. Activity one: Vocabulary Review
Member of a nation
a complete accounting of your past credit
transactions
To make something strong
a number which indicates how strong your
credit rating is
the amount you owe on your credit card
A company that collects a debt from a consumer
a document which contains your complete
credit history.
to use all the available credit on a credit card.
a person that buys products or uses loans or
credit
maxed out
consumerbalance
credit reportcollection agency
credit history
establish
credit score

8. Activity one: Vocabulary Review
Member of a nation
a complete accounting of your past credit
transactions
To make something strong
a number which indicates how strong your
credit rating is
the amount you owe on your credit card
A company that collects a debt from a consumer
a document which contains your complete
credit history.
to use all the available credit on a credit card.
a person that buys products or uses loans or
credit
maxed out
consumerbalance
credit reportcollection agency
credit history
establish
credit score

9. Activity one: Vocabulary Review
Member of a nation
a complete accounting of your past credit
transactions
To make something strong
a number which indicates how strong your
credit rating is
the amount you owe on your credit card
A company that collects a debt from a consumer
a document which contains your complete
credit history.
to use all the available credit on a credit card.
a person that buys products or uses loans or
credit
maxed out
consumerbalance
credit reportcollection agency
credit history
establish
credit score

10. Activity one: Vocabulary Review
Member of a nation
a complete accounting of your past credit
transactions
To make something strong
a number which indicates how strong your
credit rating is
the amount you owe on your credit card
A company that collects a debt from a consumer
a document which contains your complete
credit history.
to use all the available credit on a credit card.
a person that buys products or uses loans or
credit
maxed out
consumerbalance
credit reportcollection agency
credit history
establish
credit score

11. Activity one: Vocabulary Review
Member of a nation
a complete accounting of your past credit
transactions
To make something strong
a number which indicates how strong your
credit rating is
the amount you owe on your credit card
A company that collects a debt from a consumer
a document which contains your complete
credit history.
to use all the available credit on a credit card.
a person that buys products or uses loans or
credit
maxed out
consumer
balance
credit reportcollection agency
credit history
establish
credit score

12. Activity one: Vocabulary Review
Member of a nation
a complete accounting of your past credit
transactions
To make something strong
a number which indicates how strong your
credit rating is
the amount you owe on your credit card
A company that collects a debt from a consumer
a document which contains your complete
credit history.
to use all the available credit on a credit card.
a person that buys products or uses loans or
credit
maxed out
consumer
balance
credit report
collection agency
credit history
establish
credit score

13. Activity one: Vocabulary Review
Member of a nation
a complete accounting of your past credit
transactions
To make something strong
a number which indicates how strong your
credit rating is
the amount you owe on your credit card
A company that collects a debt from a consumer
a document which contains your complete
credit history.
to use all the available credit on a credit card.
a person that buys products or uses loans or
credit
maxed out
consumer
balance
credit report
collection agency
credit history
establish
credit score

14. Activity one: Vocabulary Review
Member of a nation
a complete accounting of your past credit
transactions
To make something strong
a number which indicates how strong your
credit rating is
the amount you owe on your credit card
A company that collects a debt from a consumer
a document which contains your complete
credit history.
to use all the available credit on a credit card.
a person that buys products or uses loans or
credit
max out
consumer
balance
credit report
collection agency
credit history
establish
credit score

15. Activity one: Vocabulary Review
Member of a nation
a complete accounting of your past credit
transactions
To make something strong
a number which indicates how strong your
credit rating is
the amount you owe on your credit card
A company that collects a debt from a consumer
a document which contains your complete
credit history.
to use all the available credit on a credit card.
a person that buys products or uses loans or
credit
max out
consumer
balance
credit report
collection agency
credit history
establish
credit score

16. Activity two: fill-in-the- blank
1. My ____________________ is 790.
2. The ____________________ called about your late payment!
3. Are late mortgage payments part of your ______________________ ?
4. Did you ________________________ your credit card again?
5. As ___________________ we need to be careful we don’t spend too much.
6. How long did it take you to _______________ a good credit rating?
7. What is the ________________ of your loan?
8. Where can I obtain my _______________________ ?
credit history
balance
establish
credit score collection agency
consumer
max out
credit report

17. Activity two: fill-in-the- blank
1. My ____________________ is 790.
2. The ____________________ called about your late payment!
3. Are late mortgage payments part of your ______________________ ?
4. Did you ________________________ your credit card again?
5. As ___________________ we need to be careful we don’t spend too much.
6. How long did it take you to _______________ a good credit rating?
7. What is the ________________ of your loan?
8. Where can I obtain my _______________________ ?
credit history
balance
establish
credit score
collection agency
consumer
max out
credit report

18. Activity two: fill-in-the- blank
1. My ____________________ is 790.
2. The ____________________ called about your late payment!
3. Are late mortgage payments part of your ______________________ ?
4. Did you ________________________ your credit card again?
5. As ___________________ we need to be careful we don’t spend too much.
6. How long did it take you to _______________ a good credit rating?
7. What is the ________________ of your loan?
8. Where can I obtain my _______________________ ?
credit history
balance
establish
credit score
collection agency
consumer
max out
credit report

19. Activity two: fill-in-the- blank
1. My ____________________ is 790.
2. The ____________________ called about your late payment!
3. Are late mortgage payments part of your ______________________ ?
4. Did you ________________________ your credit card again?
5. As ___________________ we need to be careful we don’t spend too much.
6. How long did it take you to _______________ a good credit rating?
7. What is the ________________ of your loan?
8. Where can I obtain my _______________________ ?
credit history
balance
establish
credit score
collection agency
consumer
max out
credit report

20. Activity two: fill-in-the- blank
1. My ____________________ is 790.
2. The ____________________ called about your late payment!
3. Are late mortgage payments part of your ______________________ ?
4. Did you ________________________ your credit card again?
5. As ___________________ we need to be careful we don’t spend too much.
6. How long did it take you to _______________ a good credit rating?
7. What is the ________________ of your loan?
8. Where can I obtain my _______________________ ?
credit history
balance
establish
credit score
collection agency
consumer
max out
credit report

21. Activity two: fill-in-the- blank
1. My ____________________ is 790.
2. The ____________________ called about your late payment!
3. Are late mortgage payments part of your ______________________ ?
4. Did you ________________________ your credit card again?
5. As ___________________ we need to be careful we don’t spend too much.
6. How long did it take you to _______________ a good credit rating?
7. What is the ________________ of your loan?
8. Where can I obtain my _______________________ ?
credit history
balance
establish
credit score
collection agency
consumers
max out
credit report

22. Activity two: fill-in-the- blank
1. My ____________________ is 790.
2. The ____________________ called about your late payment!
3. Are late mortgage payments part of your ______________________ ?
4. Did you ________________________ your credit card again?
5. As ___________________ we need to be careful we don’t spend too much.
6. How long did it take you to _______________ a good credit rating?
7. What is the ________________ of your loan?
8. Where can I obtain my _______________________ ?
credit history
balance
establish
credit score
collection agency
consumers
max out
credit report

23. Activity two: fill-in-the- blank
1. My ____________________ is 790.
2. The ____________________ called about your late payment!
3. Are late mortgage payments part of your ______________________ ?
4. Did you ________________________ your credit card again?
5. As ___________________ we need to be careful we don’t spend too much.
6. How long did it take you to _______________ a good credit rating?
7. What is the ________________ of your loan?
8. Where can I obtain my _______________________ ?
credit history
balance
establish
credit score
collection agency
consumers
max out
credit report

24. Activity two: fill-in-the- blank
1. My ____________________ is 790.
2. The ____________________ called about your late payment!
3. Are late mortgage payments part of your ______________________ ?
4. Did you ________________________ your credit card again?
5. As ___________________ we need to be careful we don’t spend too much.
6. How long did it take you to _______________ a good credit rating?
7. What is the ________________ of your loan?
8. Where can I obtain my _______________________ ?
credit history
balance
establish
credit score
collection agency
consumers
max out
credit report

25. Let’s listen to a dialogue
Activity 3
What does Margarita learn about her
credit report?

26. Listen to a dialogue:
Johanna
Margarita
Johanna
Margarita
Johanna
Margarita
Johanna
Margarita
Johanna
Wow! Did you buy out the store?
I think I did! I hope my credit card can take it. I think I maxed it out.
Well, as long you make the payments on time and pay off the balance.
Hmmmmm … I have been late a few times. I guess I need to take
care of that, eh?
If you don’t, a collection agency may come knocking on your door!
What do you mean?
Well, a few years ago I maxed out my credit cards and then a
collection agency came knocking! It took me a while to re-establish a
good credit rating. How is your credit history?
You know, I have no idea!
You need to take care of that. As consumers, it’s very important!

27. Listen to a dialogue:
Margarita
Johanna
Margarita
Johanna
Margarita
Johanna
Margarita
Johanna
How is that?
For one thing, having a bad credit history and too much debt may
cost you money in interest.
That’s not good!
No, it’s not. But even worse, a bad credit rating can prevent you
from getting credit when you need it in the future.
I heard you can check your credit report online. Is that true?
Yes it is. Let me show you how!
My husband and I are thinking about buying a house within the next 2
years.
You need to start checking into your credit score now.

28. A short note before we start!
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29. If you have ever borrowed money to buy
a car or rented an apartment - you have
a credit file!
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30. A.
Why should you check your report?
Activity 4
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31. A.
Why should you check your report?
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To quickly detect identity theft or
identity fraud

32. A.
Why should you check your report?
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To quickly detect identity theft or
identity fraud
To quickly detect any mistakes in your
credit report that could hurt your
chances of getting credit in the future.

33. B.
What is a credit report?
Activity 4
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34. A credit report is a document that
contains information about any
loan or credit you have taken out
in the last 6 years.

35. A credit report will indicate:
- If you make your payments on
time
- How much money you currently
owe
- your credit limit available on
each account in your name

36. A credit report will also reveal:
- How many lenders have
checked your credit score
- The names of these lenders

37. A credit report will also reveal:
- your loan was an installment
loan (I)
OR
- a revolving credit loan (R)

38. Each credit transaction will be
given a number from 0-9.

39. Each credit transaction will be
given a number from 0-9.
A “0” rating means the loan is too
new to decide if you have made
timely payments.

40. A “1” rating is the worst rating
you can have.

41. A “1” rating is the worst rating
you can have.
A “9” is the best rating you can
have.

42. A “9” is the best rating you can
have.
A “9” rating tells a prospective
lender that you make your
payments on time, as agreed!

43. your overall report is also given a
number to indicate to a lender
how likely it is that you will pay
back your loan.

44. That number will be between
300 and 900.

45. 300 is the worst credit rating a
report can have.

46. 900 is the best credit rating a
report can have.

47. 650- 680 is considered the
minimal rating you’ll need to get
more credit from a lending
institution.

48. The best way to improve your
credit rating is to make your
payments on time.

49. How can you obtain your credit report?
Activity 4
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50. C.
How can you obtain your credit report?
Activity 4
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You can get it free

51. Activity 4
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C.
You can get your report free in the mail.

52. Activity 4
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You can get your report free in the mail.
You can contact one of two reporting
agencies:

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1. Equifax Canada
National Consumer Relations: P.O. Box 190,
Station Jean-Talon Montreal Quebec H1S 2Z2

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2. TransUnion Canada
TransUnion
Attention: Consumer Relations
P.O. Box 338, LCD1
Hamilton, ON L8L 7W2

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You will need to send in 2 pieces of
identification.

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You will need to send in 2 pieces of
identification.
You should receive your report in 2-3
weeks.

57. D.
What can I do if I find an error in my
report?
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58. 1.
What to explain the error.
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59. 2.
Send in documents that support your
version of the matter.
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60. 3.
If there was an error, your report will be
changed.
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61. 3.
If there was an error, your report will be
changed.
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A note will be sent to any lending
institution that had checked your report
during the 2 months prior to the change.

62. Review questions
• Read the studies and answer the questions.
Activity 5

63. Review Question 1
Why is it a good idea to check our
credit report from time to time? How
often should we check it?

64. Answer
It is a good idea to check our credit
report once a year or so. Doing so will
advise us of any changes to our credit
score.

65. Answer
It is a good idea to check our credit
report once a year or so. Doing so will
advise us of any changes to our credit
score.
It may also alert us in the event of
identity theft or fraud.

66. Review Question 2
Alberto was evicted from his last
apartment because he missed 4
payments. Now he is going for a loan.
Should he be worried about this?

67. Answer
Yes, Alberto should be concerned
because about not making his
mortgage or rental payments.
Transaction such as these are included
in a credit report.

68. Review Question 3
Allen went for a loan, but was turned down.
He has no idea why! He has always paid his
loans and payments on time.

69. Review Question 3
Allen went for a loan, but was turned down.
He has no idea why! He has always paid his
loans and payments on time.
What should Allen do?

70. Dictation
• Write what you hear!
Activity 6

71. Dictation 1

72. Dictation 1
Your credit report is a document that contains
information about every loan you've taken out in the
last six years.

73. Dictation 2

74. Dictation 2
Your credit rating is a number that goes from 300 to 900.
The higher the number, the better.

75. Dictation 3

76. Dictation 3
An individual with a credit score below 650 may have
trouble receiving new credit. Some mortgage lenders will
want to see a minimum score of 680 to get the best
interest rate.

77. Dictation 4

78. Dictation 4
You can get a copy of your credit file by mail. There are
two national credit bureaus in Canada: Equifax Canada
and TransUnion Canada. You should check both reports.

79. Dictation 5

80. Dictation 5
To get your report you will be asked to send in
photocopies of two pieces of identification, along with
some basic background information. The reports will
come back in about 2 weeks.

81. Review: What did you learn
today?
• 8 new words related to knowing your
credit score
• Why it’s important to check your
credit score
• How to check your credit score

82. Thanks for attending.
See you next time!