UNIT 3:  CREDIT AND DEBT MANAGEMENT 

 (9 CLASS PERIODS)

LESSON 1:  How Credit Works

LESSON 2:  Credit Reports and Scores

LESSON 3:  Wise Use of Credit Cards

LESSON 4:  Cost of Using Credit

LESSON 5:  Consumer Fraud

EVERFI MODULES:  Credit and Debt, Consumer Skills

ASSESSMENTS

UNIT 3:  CREDIT & DEBT MANAGEMENT

[Relevant NGPF Units: Types of Credit, Managing Credit, Financial Pitfalls]

Prince George’s County Core Concept

Relevant NGPF Lesson(s)

• CREDIT REPORTS AND SCORES

Managing Credit

• SC 6.2 - Read a Credit Report

• SC 6.3 - Intro to Credit Scores

• SC 6.4 - Why Credit Score Matters

• MOVE: Up and Down with Credit Scores

• CALCULATE: Impact of Credit Scores on Loans (Sp)

• 
  WISE USE OF CREDIT CARDS

Types of Credit

• SC 5.2 - How Credit Cards Work

• SC 5.3 - Young People & Credit Cards

• 
  COSTS OF USING CREDIT

Types of Credit

• SC 5.5 - Loan Fundamentals

• SC 5.6 - Understanding Auto Loans

• SC 5.7 - Student Loan Repayment

• SC 5.8 - Understanding Mortgages

• COMPARE: Which Repayment Option is Best? (Sp)

Managing Credit

• SC 6.6 - Debt Management

• 
  CONSUMER FRAUD

Managing Credit

• SC 6.5 - Identity Theft

• INTERACTIVE: Shady Sam

Financial Pitfalls

• FY 8.2 - Scams & Fraud

The Maryland State Curriculum for Personal Financial Literacy Education Standards:

• 4.12.A Evaluate how to use debt beneficially.

• 4.12.B Evaluate the advantages and disadvantages of credit products and services.

• 4.12.C Analyze sources of credit.

• 4.12.D Calculate the cost of borrowing

• 4.12.E Identify and evaluate interest rates, fees, and other credit charges.

• 4.12.F Analyze credit scores and reports.

• 4.12.G Evaluate the consequences of not meeting credit obligations.

Family and Consumer Sciences National Content Standards:

• 2.0 Evaluate management practices related to the human, economic, and environmental resources

• 2.5 Analyze interrelationships between the economic system and consumer actions

• 2.6 Demonstrate management of financial resources to meet the goals of individuals and families across the life span

• 3.3 Analyze factors in developing a long-term financial management plan