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Consumer Credit Basics Use credit wisely to enjoy personal financial health.
Consumer Credit Basics The benefits and costs of using credit Basics concepts in consumer lending Credit scores Using credit wisely
Use Credit Wisely Build credit Big items; house, car, college Convenient & safe Emergencies
Use Credit Wisely Easy to live beyond your means Easy to get into credit trouble Hard to get loans for big items or emergencies with bad credit
Credit 101 Installment or Revolving Secured or Unsecured
Credit 101 Installment or Revolving Secured or Unsecured The 3 Cs of Credit: 1. Capacity 2. Capital 3. Character
Credit 101 Installment or Revolving Secured or Unsecured The 3 Cs of Credit: 1. Capacity 2. Capital 3. Character Credit Score
Use Credit Wisely Pay on time Pay in full or more than minimum Evaluate purchases Avoid fraud
Use Credit Wisely Pay on time Pay in full or more than minimum Evaluate purchases Avoid Fraud Over limit fees Convenience fees/interest Cash advance
Credit Help Communicate with lenders Talk to a financial counselor Work out a budget Prioritize debts
MCUL Financial Education MCUL Consumer Financial Education Library Financial Health course Lovemycreditunion.org CU Village Financial Resource Center
Complete the True-False Quiz!. To obtain goods or services before payment, based on the trust that payment will be made in the future.
CONTEMPORARY ECONOMICS© Thomson South-Western 20.2Using Credit Responsibly Understand whether to use cash or credit to pay for purchases. Name the.
Jeopardy Begins with c Loans Poor credit Consumer Credit consumer Finance Q $100 Q $200 Q $300 Q $400 Q $500 Q $100 Q $200 Q $300 Q $400 Q $500 Final.
Credit Test Review. What card takes money directly from your checking or savings account? Debit Card.
Credit Wisdom. Managing Money & Credit: A Lifelong Skill.
Borrowing Basics 1. 2 Purpose Borrowing Basics: Describes how credit works and the types of credit available. Helps you determine if you are ready to.
Credit Chapter 10.
Credit 3 C’s of Credit. Character – Will you repay the Debt? Have you used credit before? Do you pay your bills on time? Do you have a good credit.
Buy Now Pay Later…. How to analyze the advantages & disadvantages of consumer credit How to distinguish among various types of consumer credit How.
Building: Knowledge, Security, Confidence Borrowing Basics.
The Uses Of Credit. Need to Know Define Credit / Types Advantages and Disadvantages The Three C’s.
The Importance of Credit Brought to you by Work.
HOW TO GET AND KEEP CREDIT. PICKING A CREDIT CARD You will have to fill out an application. It will ask about where you live, where you work, what other.
Borrowing Basics 1. 2 Introduction Instructor and student introductions Module overview.
Credit: Buy Now, Pay Later Chapter 5. Credit 3 C’s of credit Character, Capacity, Capital Credit History-record of your prior credit purchases and.
Credit ~ The Basics. Homework (Passport Page 32)
Credit In your opinion, do consumers spend more per month on average when they use a credit card or cash?
How to maintain good credit?. Obtaining goods and services with a promise to pay for them from future income to buy today and pay tomorrow involves.
CALM. Able to buy needed items now and pay later. Don’t have to carry cash Creates a record of purchases More convenient than writing cheques.
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