Credit

Step One - Review Credit Vocabulary and Vocabulary

Step Two - What is credit?

Watch this video to better understand the different kinds of credit

Complete this form about different ways you can get credit

Step Three -

The next video talks a little about the HISTORY of credit and how credit became normal - the narrator of the video thinks that all credit is a bad idea, but you'll have to decide for yourself. Not all credit cards are bad, if you pay them off immediately after spending the money, it can be used like a debit card. And a lot of them have perks. HOWEVER if you are tempted to get a credit card and spend a ton of money that you aren't able to pay back- it's probably a bad idea to get a credit card.

The History of Credit video.

This video is put together by Dave Ramsey. You may have heard of him, he does radio shows, writes books, and is a motivational speaker on all things FINANCIAL.  He gives a lot of advice on what you should do with your money and how to avoid debt.

Do a Google search on Dave Ramsey to learn more about him and his feelings about credit cards. Then complete this form.

Step Four - Credit Scores

Watch this video to learn how to maintain a good credit rating

Take this Credit Score Quiz - Do a screen shot of your score. Prize for the highest score.

Step Five - Credit Reports (similar to a reference letter)

1. Watch this PowerPoint and complete this worksheet

2. Find out what the late payment penalties are for three different borrowing options. (hint: look up Mastercard, Visa, etc. Type a detailed paragraph explaining the late payments.

Step Six - Credit Cards

Watch this PowerPoint and take notes with this worksheet

Step Seven -

1. Minimum payment video

2. Reseach and find the best credit card using this website