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Credit

Published on Apr 15, 2016

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PRESENTATION OUTLINE

1.

Credit

Important Vocab to Learn
Photo by Josh Kenzer
2.

Credit

buy goods & services now, pay later
Photo by qmnonic
3.

Closed End Credit

specific amount due by specific date
Photo by David Lee King
4.

Open End Credit

use pre-approved amount, indefinitely
Photo by danperry.com
5.

Loans

borrowing with intent to repay with deadline
Photo by kevin dooley
6.

Secured Loans

requires collateral
Photo by LendingMemo
7.

Unsecured Loans

signature loan - need high credit rating
Photo by Hammer51012
8.

Establish Credit

  • get a job
  • open savings account
  • open checking account
  • get credit card
  • make small purchases and pay bill promptly
9.

How to be Credit Worthy

  • character
  • capacity
  • capital
Photo by Leo Reynolds
10.

Credit Report

record of credit history
Photo by GotCredit
11.

Create Tutorial
Explaining Credit

Photo by Wesley Fryer

Todd LaVogue

kidacademy.org