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.