Credit
We are learning to:
Understand the influences that affect consumer borrowing.
We know we have achieved this when we can:
State why people borrow.
State the advantages and disadvantages of these types of borrowing: credit cards and store cards; hire purchase; overdraft and personal loans.
Calculate interest charges.
State the questions to ask credit providers.
Explain what a guarantor does.
Use financial decisionmaking to analyse a credit decision.