Credit Management

Today's class is about credit management.  

We'll explore the following key terms and concepts:

• Credit

•Creditor

•Closed-end credit, installment debt

•Open-end credit, revolving credit

•Line of Credit

•Available credit

•FICO score

•Credit utilization ratio

•Grace period

•Finance charge

•APR 

•Debt/Income ratio

We'll review a sample credit card statement and talk about strategies that can save you thousands of dollars in interest payments.

We will also discuss how to keep your credit cards secure.

We will review basic concepts of contract law and what can happen in the case of bankruptcy.

Finally, we will talk about where to go to get debt counseling and whether debt consolidation programs are appropriate.

To access a Powerpoint of this lesson, please click on the following link.