Discuss what a credit score is, and how it affects you . Discuss the different factors that affect your credit score. Explain how your credit score reflects your financial choices in life.
What can you do with credit?
What affects your credit score?
Low interest rate
Better chance for approval
Better car insurance rates
Length of History
Avoid security deposits on utilities
Types of Credit
“Some debt—such as for a modest home, expenses for education, perhaps for a needed first car—may be necessary. But never should we enter into financial bondage through consumer debt without carefully weighing the costs” Elder Joseph B. Wirthlin, May 2004
Activity – Monopoly
Play the Monopoly Board game, you can also use the Monopoly Mobile App.