There is lots of flexibility with this unit. Although it may seem small, this unit allows teachers and students explore topics in greater depth in a lecture/small group discussion format, online discussions, or student led lessons. This resource covers sources of credit; advantages/disadvantages of credit; credit records,reports, & management; consequences of poor credit; and bankruptcy.

The strength of this unit is the flexibility it provides for teachers and students. The structure of this unit allows for a variety of instructional stategies to be utilized.

Estimated Lesson Time: 140 Minutes

Students will be able to:
-Name the components of a credit score and how they’re calculated, with a specific focus on credit utilization rate
-Describe how credit score impacts the ability to borrow money and at what rate
-Understand the implications of a thin file and how they can build credit and improve their score
-Summarize the rules contained in the Equal Credit Opportunity Act

ANSWER KEY LINKS: Create a Next Gen Personal Finance (NGPF) account to access answer keys. They will be listed under the Full Year Curriculum tab.

Estimated Lesson Time: 120 minutes

Students will be able to:
-Generate a list of responsible strategies that can be used by an individual to pay down and eliminate their debts
-Explain the difference between High Rate and Debt Snowball repayment methods
-Decide whether credit counseling, the FTC, or the CFPB could help them manage debt
-Understand the consequences of not paying one’s debts and the choices of last resort for out-of-control debt

ANSWER KEY LINKS: Create a Next Gen Personal Finance (NGPF) account to access answer keys. They will be listed under the Full Year Curriculum tab.