1. Chapter 11
Consumer credit

2. Understanding Credit Section 11.1
The meaning of credit
Types of credit
Cash or sales credit
Secured or unsecured
Closed-end or open-ended credit
Single or installment pay back
Pros and cons of credit
Pros- temporary expansion of income and convinence
Cons- interest pay back and fees
Deciding when to use credit

3. Qualifying for Credit Section 11.2
What lenders consider
Character
Capacity (earn power)
Capital (assets)
Credit reporting and rating
Establishing and maintaining credit

4. Managing Credit Cards Section 11.3
Types of credit Cards
Comparing credit card terms
Using credit cards wisely
Reviewing the monthly statement
Resolving bill problems

5. Taking out a loan Section 11.4
Sources and types of loans
Loan contract provisions
Getting the loan

6. Handling Debt Problems Section 11.5
Dangers of excess debt
Debt collection methods
Avoiding excess debt
Climbing out of debt