Why is Good Credit Important?
Learn about the importance of your credit history.
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Lessons & Activities
1 Hour+
Credit History, Credit Reports, and Credit Scores
OVERVIEW
In this lesson, students complete an activity sheet and discuss the advantages and disadvantages of using credit. They learn about credit history, credit reports, and credit-reporting agencies.
Related Resources
INFOGRAPHICS & COMICS
VIDEO Q&A
0-15 MIN
How a FICO Credit Score Is Determined
Hear a short overview of credit scores.
MODULES
16-30 MIN
Credit Reports | It's Your Paycheck Lesson 6
Learn and discuss the advantages and disadvantages of using credit.
READING Q&A
16-30 MIN
Credit Cards: The Trillion-Dollar Debt
Dive deep into credit cards and all aspects of being a cardholder.
LESSONS & ACTIVITIES
1 HOUR+
The Car Deal Package
Evaluate the decisions students make when purchasing a car.
LESSONS & ACTIVITIES
1 HOUR+
Bankruptcy Basics
Learn about the two types of bankruptcies used by consumers: Chapter 7 and 13.
More in This Series
CURRICULUM UNITS
It's Your Paycheck
Use active learning lessons to teach personal finance and economics.
LESSONS & ACTIVITIES
46-60 MIN
Invest in Yourself
Identify ways to invest in human capital.
LESSONS & ACTIVITIES
1 HOUR+
W Is for Wages, W4, and W2
Learn what FICA, federal income taxes are, and about Form W-4 and Form W-2.
LESSONS & ACTIVITIES
1 HOUR+
Cash the Check and Track the Dough
Learn about checking accounts, savings accounts, and check-cashing services
LESSONS & ACTIVITIES
31-45 MIN
Your Budget Plan
Learn effective and ineffective budgeting behaviors.
LESSONS & ACTIVITIES
31-45 MIN
Savvy Savers
Calculate compound interest to identify the benefits of saving in interest-bearing accounts.
LESSONS & ACTIVITIES
46-60 MIN
Creditors' Criteria and Borrowers' Rights and Responsibilities
Students learn about credit rights and responsibilities.
LESSONS & ACTIVITIES
46-60 MIN
How Much Are You Really Paying for that Loan?
Learn what a payday loan is and the high cost involved in using such a loan
LESSONS & ACTIVITIES
46-60 MIN
To Rent-to-Own or Not to Rent-to-Own?
Review the elements of a contract.
