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Laabri

5.0 Lesson 3: Your Credit Score

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Last updated about 2 hours ago
9 Nsɛmmisa
Hyɛ no nsow a efi ɔkyerɛwfo no hɔ:

Learning Objectives

Students will be able to:

  • Compare the percentage of people in different credit score bands

  • Explain what a credit score is and how one is calculated

  • Analyze the different methods available to view their credit score

  • Critique different credit score scenarios and formulate a plan on how to improve credit scores

National Standards for Personal Financial Education

 Managing Credit

  • 8a: Identify the main factors that are included in credit score calculations

  • 8b: Explain how a borrower’s credit score can impact their cost of credit and their ability to get credit

  • 8c: Recommend ways that a person can increase their credit score

Learning Objectives

Students will be able to:

  • Compare the percentage of people in different credit score bands

  • Explain what a credit score is and how one is calculated

  • Analyze the different methods available to view their credit score

  • Critique different credit score scenarios and formulate a plan on how to improve credit scores

National Standards for Personal Financial Education

 Managing Credit

  • 8a: Identify the main factors that are included in credit score calculations

  • 8b: Explain how a borrower’s credit score can impact their cost of credit and their ability to get credit

  • 8c: Recommend ways that a person can increase their credit score

Warm Up
Main Activity
Wrap Up
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1a.

What is the average credit score for people ages 18-29?

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4.

It is best to avoid these in order to improve your payment history…

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5.

It’s beneficial to use some of your available credit because…