Unit 3: Introduction to Credit

Credit is an essential tool used to establish financial independence.
What are the types of credit and their characteristics
There are costs associated with the use of credit.
Credit provides essential financial benefits.
Use credit wisely as your past is your credit future.
There are good and bad uses of credit.
How to read a disclosure box

Identify the major types of credit and their characteristics
Understand the three basic components of lines of credit
Explain how a credit card works in terms of making purchases and managing payments
Read a disclosure-Schumer box and identify how terms of the card impact total cost of purchases
Understand how interest is charged and how to avoid or minimize it
Enumerate the differences between debit and credit cards
Read a credit card monthly statement
Explain the importance of annual fee, APR, penalty fees and rates, and grace period when selecting a credit card
Differentiate between installment loans and revolving credit lines

Interactive activities

Graphic organizer

Define, understand and use terminology, concepts and principles

Reading embedded articles

Student centered videos

Analyze videos 

Case studies

Formative and summative assessments