Examine credit options.

Examination should explore credit ratings, service fees, alternative credit options, financial obligations, and the inherent risks of making only minimum payments on credit cards or becoming involved with predatory lending operations (e.g., car title loans, payday loans).

Process/Skill Questions:

Thinking

• What is a credit report? How can you obtain a free copy annually?
• What is predatory lending? What are the risks involved?

Communication

• How do you determine whether a non-solicited credit offer is appropriate for your needs?
• How is your credit report used by employers, lenders, and landlords?

Leadership

• Why is it important to establish good credit?
• Why is it important to pay bills on time?

Management

• How do you build good credit?
• What community groups and entities offer assistance with debt management?
• What is the difference between a variable-rate and a fixed-rate loan?