2. Five C’s of Credit Character Capacity Collateral Capital Conditions

3. Free Credit Reports Fair and Accurate Credit Transactions Act Georgia’s Fair Business Practices Act

4. Information in Credit Reports Personal Information Credit History Inquiries Public Records

5. Information in Credit Reports Personal Information Credit History Inquiries Public Records

6. Credit Averages

7. Your Credit Score

9. Determining Your Credit Score 385? 510? 690? 745?

11. $8,000 for second car Used Car Dealer: $275 down, $275/month Credit Card: $160 month Bank Loan: Either $125 or $250 per month Lease: $200/month

12. The Fine Print $275/month @ 36% APR x 70 months = $19,250 $160/month @ 18% APR x 94 months = $15,040 $125/month @ 9% x 88 months = $11,000 $250/month @ 6% APR x 35 months = $8,750 Down payment, fees for excess mileage or wear & tear

13. New Kitchen Appliances Dealer A: All 3 for $58/week with free delivery and free maintenance Dealer B: All 3 for $250/month. Delivery is $50 extra. Extended warranties available for additional $100/month Dealer C: All 3 for $99/month, plus delivery and extended warranty Lay-Away: $300 down plus $10 fee with 6 months to pay off balance

14. Best Deal? A: $58/week x 60 weeks @ 99+% APR = $15,080 B: $250/month x 12 months @ 0% APR = $3,000 + $1,200 for extended warranty C: $99/month x 82 months @ 36% = $8,118 Layaway: $450/month x 6 months @ 0% + $300 (down) + $10 (fee) = $3,010

15. Credit Card for Travel and Emergencies United Express: $50 annual fee, pay balance in full each month BigBusiness Bankcard: $35 annual fee, 15.9% APR on unpaid balance, earn bonus points Mistercard: no annual fee, 0% APR for 6 months then 5 points above prime, 29.9% penalty rate R.U.Kiddingme Card: no annual fee, 6% APR, purchase only from catalog

16. The Best Deal Not United Express: Must pay balance off in full Not BigBusiness Bankcard: $35 fee and high APR (15.9%) Mistercard: No fee, but be sure to pay on time to avoid penalty rate of 29.9% Not R.U.Kiddingme Card: Catalog too limiting and usually more expensive

17. $1,500 Family Vacation Save $60 per month Pay $30 per month on the credit card Pay $60 per month on the credit card Pay $67.50 per month for a bank loan for 2 years

18. The Best Choice? Saving: 2 years to save enough, and the price will have gone up by then Credit Card: $30/month @ 9.9% APR x 65 months = $1,950 Credit Card: $60/month @ 9.9% APR x 29 months = $1,740 Bank Loan: $67.50/month @ 5.9% APR x 24 months = $1,620

19. $850 for Car Repairs Save, if he can work. Title Loan. $1,500 in cash in exchange for title, set of keys, and $100/month payment. Credit Card Cash Advance. Pay $18/month. WeFixItFast Card. 10% off cost of repairs.

20. The Best Deal? Saving: not really an option Car Title Loans: NO! Credit Card Cash Advance. $18/month @ 21.9% APR x 117 months = $2,106 Credit Card. $18/month @ 21.9% APR x 110 months = $1,980 Store Card. $75/month @ 21.9% APR x 12 months = $900

21. Where you borrow makes a difference

22. Credit Dangers Using credit cards to live beyond your means. Relying on creditors to set your credit limit. Carrying a balance on credit cards. Making only the minimum payment on credit cards. Buying the wrong items on credit.

23. Your Good Credit Depends on You Check your credit report…often. Address negatives on your report. Avoid adding negative information. Shop around for the best terms. Use credit wisely.