Using Credit module

The goals of the Using Credit module are to:

Explain key terminology associated with credit cards, loan processes, and the related expenses
Provide an overview on the importance of using credit responsibly
Outline how interest rates are determined and calculated, including fixed, variable, closed-end and revolving
Explain the process of applying for credit and what lenders review when making lending decisions

Here are a few program highlights:

What to compare when looking for a loan or line of credit
Provide an overview of secured and unsecured loans, revolving and installment
Define “APR” and how this is different than “interest rate”
Activity involving the review of a Disclosure Statement
Worksheets and other materials, such as: myfico.com handout

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