Beginner: Managing Credit Course

 

Course Price

FREE
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About the Course

The Managing Credit Course is designed for beginners to understand the key concepts related to credit, including how interest rates, fees, and borrowing impact personal finances. The course adheres to the National Standards for Financial Literacy and aims to equip students with the knowledge to make informed decisions about using credit wisely.

Course Information

Categories: ,

  • Evaluate Credit Options: Compare lenders, credit types, and loan terms to make informed borrowing decisions.
  • Understand Credit Fundamentals: Explore the role of interest rates, the various types of credit, and the impact of market conditions on borrowing.
  • Navigate Credit Costs: Learn to interpret loan advertisements, calculate Annual Percentage Rates (APR), and understand repayment costs, including credit card interest.
  • Manage Debt Responsibly: Recognize excessive debt, understand its consequences, and develop strategies to maintain financial health.
  • Leverage Credit for Long-Term Benefits: Assess the use of credit for major purchases, education, and housing while managing risks.

Course Instructor

Moneyling Moneyling Author

     

    Course Price

    FREE
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    Course Outline

    • Interest Rates and Credit Types – NS Managing Credit 8-1
      • Interest Rates and Lenders – NS Managing Credit 8-1
      • Types of Lenders: NS Managing Credit 8-1a
      • Comparing Lenders and Credit Options: NS Managing Credit 8-1b
      • Impact of Market Conditions on Interest Rates: NS Managing Credit 8-1c
    • Advertising and Loan Costs – NS Managing Credit 8-2
      • Understanding Loan Advertising and APR – NS Managing Credit 8-2
      • How Lenders Advertise Loans: NS Managing Credit 8-2a
      • Calculating APR: NS Managing Credit 8-2b
      • Introductory Rates and Payment Defaults: NS Managing Credit 8-2c
    • Loan Repayment and Costs – NS Managing Credit 8-3
      • Loan Terms and Total Cost – NS Managing Credit 8-3
      • Effects of Interest Rates and Loan Terms: NS Managing Credit 8-3a
      • Calculating Total Interest Paid: NS Managing Credit 8-3b
    • Credit Card Interest – NS Managing Credit 8-4
      • Credit Card Interest Rates – NS Managing Credit 8-4
      • Why Credit Card Rates Are Higher: NS Managing Credit 8-4a
      • Minimizing Credit Card Interest Charges: NS Managing Credit 8-4b
    • Credit Reports and Borrower Risk – NS Managing Credit 8-5
      • Credit Reports and Borrowing Costs – NS Managing Credit 8-5
      • Understanding Credit Reports: NS Managing Credit 8-5a
      • Impact of Credit History on Borrowing Costs: NS Managing Credit 8-5b
    • Using Credit for Long-Term Benefits – NS Managing Credit 8-6
      • Credit for Education and Housing – NS Managing Credit 8-6
      • Benefits of Financing Education and Housing: NS Managing Credit 8-6a
      • Assessing Credit Use for Major Purchases: NS Managing Credit 8-6b
      • Justifying Credit Use: NS Managing Credit 8-6c
    • Debt and Its Consequences – NS Managing Credit 8-7
      • Understanding Debt Accumulation – NS Managing Credit 8-7
      • Identifying Excessive Debt: NS Managing Credit 8-7a
      • Consequences of High Debt Levels: NS Managing Credit 8-7b
      • Course Review
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