Explain that lenders make credit decisions based in part on consumer payment history. Credit bureaus record borrowers’ credit and payment histories and provide that information to lenders in credit reports.
Subject Area: Social Studies
Grade: 912
Strand: Financial Literacy
Standard: Using Credit
Date Adopted or Revised: 04/15
Status: State Board Approved


List factors from an individual’s credit history or credit application that may cause a lender to deny credit.
Explain what credit bureaus do.