2. Chapter 10

3. What is Credit? The ability to Giving up

4. Who’s Who in Credit? Borrower- Person taking cash, merchandise, etc. Lender- Item being given on credit

5. Think About it!! Who wants to buy things? Who wants to be in debt?

6. Why Use Credit?

7. Is Credit Good for the Economy?

8. Advantages of Credit

9. Disadvantages of Credit

10. 3 Types of Credit Single Payment Installment Revolving

11. Single-Payment

12. Installment Payments

13. Revolving Credit

14. Complete the Worksheet

15. How do you get Credit? Character Capital Capacity

16. Character

17. Capital The following can secure a loan:

18. Capacity

19. How do I use the 3 C’s?

20. Credit History

21. How do they Collect Info? Keep cumulative records When trying to give credit out

22. The Three Agencies 1-800-685-1111 1-888-397-3742 1-800-888-4213

23. Keeping Good Credit

24. Bankruptcy What is it? Why use it?

25. Your Rights as a Borrower Fair Credit Billing Act Equal Opportunity Act Truth & Lending Act

26. Fair Credit Billing Act

27. Truth in Lending Act Costs conditions

28. Equal Opportunity Act Can’t discriminate giving credit based on:

29. What if You’re Denied?

30. Credit Protection

31. Unauthorized Charges Report your card lost or stolen right away! $

32. What is Identity Theft?

33. What can we do about ID Theft? Don’t: Do: