Managing Terrible Credit

EQ - How can poor credit management impact your personal financial situation?

Lesson PowerPoint

1. Activator - Document Detective
1. Find the solutions to the 5 review key concept questions
2. Share your responses with a partner
3. Class Review
2. Discussion Question - Is this person using credit wisely?  How do you know?
3. TPS - Brainstorm 3-5 signals that show a person is getting into financial trouble with credit.
4. Discussion Question - What can a person do to improve a troubling financial situation?
5. Intro - Credit Counseling
1. What is credit counseling?
2. How does credit counseling work (Key activities)?
3. Where can you find assistance?
4. Muddy Points
6. TPS: Bankruptcy - 2 Forms
1. Foldable
1. Type of bankruptcy (Defined/What?)
2. How does it work?
3. Benefits?
4. Drawbacks?
7. Knowledge Check
1. Identify 7 warning signs that a person is in financial trouble.
2. Explain the 2 main activities of the CCCS?
3. Describe two options when declaring bankruptcy.
4. Why might it be easier for someone to obtain credit if they have filed Chapter 13 bankruptcy instead of Chapter 7 bankruptcy?  Support your answer with specific details from the entire Credit Unit.
5. Managing Debt - Credit decision making
8. Debriefing
9. Muddy Points

Dangers of Credit

EQ - How can poor credit management impact a person?

1. Activator - Video Clip
2. Setting a Purpose - Maxed Out Documentary
1. Review the EQ
2. What should we look for throughout the film?
3. TOD - List and explain the examples of poor credit management shown in the film and describe the impact poor credit management had on these individuals.

Credit Songs

EQ - How are credit scores determined?

1. Q & A Review
2. Quiz
3. Create a Credit Score Song
1. Include the following:
1. What is a good credit score?
2. Why is developing positive credit a good thing?
3. How can good credit be developed?
4. The 5 C's of Credit
5. Names of the 3 Major U.S. Credit Bureaus
6. Additional Information?
4. Individual Concept Review

YouTube Songs - F-R-E-E That Spells Free