Why is Good Credit Important?
Learn about the importance of your credit history.
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Lessons & Activities
46-60 min
How Much Are You Really Paying for that Loan?
OVERVIEW
In this lesson, students learn what a payday loan is and the high cost involved in using such a loan. Working in groups, students calculate an annual percentage rate (APR) on a short-term loan.
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
1 HOUR+
Credit History, Credit Reports, and Credit Scores
Learn about credit history, credit reports, and credit-reporting agencies.
LESSONS & ACTIVITIES
46-60 MIN
Creditors' Criteria and Borrowers' Rights and Responsibilities
Students learn about credit rights and responsibilities.
LESSONS & ACTIVITIES
46-60 MIN
To Rent-to-Own or Not to Rent-to-Own?
Review the elements of a contract.
