Learning Objectives
- Identify the costs of using various types of credit.
- Evaluate and refute the myths associated with debt.
- Apply systematic decision making to identify the most cost-effective option for purchasing a car.
- Identify various types of mortgage loans and the most cost-effective option for purchasing a home.
- Evaluate ways that debt can negatively affect your financial future and how to overcome personal debt.
- Describe the elements of a credit score.
- Understand how to obtain a credit report.
- Explain how a credit score affects creditworthiness and the cost of credit.
- Explain the factors that affect a credit score.
- Analyze a credit report, indicate the time that certain negative data can be retained, and describe how to dispute inaccurate entries.
- Identify organizations that maintain consumer credit records.
- Summarize major consumer credit laws.
- Develop a plan for protecting personal information.
Assignment 4.R.1
- Make a copy of this Google Document, rename it to Making the Minimum-(Your Initials), and move it into your Chapter 4 folder.
- Complete the assigned task as directed in the assignment. Use the chart (Minimum Payment Schedule) in the document to answer the questions.
Assignment 4.R.2
- Make a copy of this Google Document, rename it LFPP-(Your Initials), and move it into your Chapter 4 folder.
- Complete the assignment as directed within.
Chapter 4 Folder
- Tomorrow you will share your Chapter 4 folder with your teacher. Your folder should contain the following files:
- Personal Finance Journal-C4
- Public Service Announcement
- Cost of Credit
- Cost of Ownership
- Reality of Cash Advances
- Car Comparison Pricing
- Rent2Own
- Myths Debunked
- Debt Snowball
- Credit Myths
- Short Answer 4
- Case Studies 4
- Making the Minimum
- LFPP