2. DO NOW: What attitudes do people have about the use of credit?  1---------------------------------------------------------10  Always pay cash, Credit --Credit is never borrow use only whenthe way for purchases. necessary.I live. Place yourself on this continuum and give reasons for your choice. Describe any personal experiences that you may have had with credit cards.

3. How do we define credit? – What words (with the same root, cred) are related to credit? – What are the different types of credit? – Where can I get credit?

4. Credit: Advantages & Disadvantages What are the advantages of credit? How might you (or people you know) use credit in the near future? What are the disadvantages of credit? How can credit be abused? What is predatory lending?

5. Buy now, pay later! Using the Internet, locate 4 examples of how businesses “promote” credit to consumers. Analyze and explain the hidden messages in these promotional advertisements.

6. “All loans are not equal.” 1)Explain the above quotation. 2)Define and give examples of the following vocabulary words: APR Credit Limit Finance Charge Creditor Interest Minimum Payment Overlimit Fees Creditworthiness

7. Research Links: The Story of Consumer Credit (PDF provided by the Federal Reserve bank) http://www.federalreserve.gov/boarddocs/rptcongress/bankruptcy/bankruptcybillstudy200606.p df www.consumer-action.org www.federalreserve.gov www.investopedia.com http://www.federalreserve.gov/creditcardcalculator/Default.aspx http://money.cnn.com/2009/05/20/pf/saving/credit_cards_willis/?postversion=2009052012