1. November 20, 2015 Entry task: List two do’s and two don’ts for credit card use. Target: Identify how to use credit cards properly to establish good credit.

2. November 23, 2015 Entry task: What does APR stand for? What does it mean? Target: Select a credit card based on terms and conditions.

3. Tip of the Day!

6. The ABCs of Credit Card Finance Essential Facts for Students 2005 – 2006 Carol A. Carolan, Ph.D.

7. Essential Facts … Two Groups of Information  Credit Card Costs  Credit Card Behaviors 2

8. Credit Card Costs 3

9.  Annual Fees  Interest Annual Percentage Rate (APR)  Cash Advances  Convenience Checks  Penalty Rates 4

10.  Low Interest Teaser Rates  Balance Transfers  Late Fees  Over Credit Limit Fees  Bounced Check Fees  Currency Conversion Fees 5

11. Choosing a Credit Card 6

12. Look For: A Low Annual Percentage Rate (APR) No Annual Fee A Long Grace Period Low Penalty Rates 7

13. Types of Credit Card Users  Convenience Users  “Revolvers” 8

14. Dos and Don’ts 9

15.  One Card  Student Loans for Tuition  Wants vs. Needs  Convenience  Pay More Than the MMP  Be a Manager 10

16.  Don’t Skip Payments  Pay on Time  Don’t Exceed Your Credit Limit  Cash Advances  Convenience Checks  Be Wary of Teaser Rates 11

17.  Credit Card Shuffle  Low Credit Limit  Quickly Mail Payments  Save Receipts  Change of Address  Lost and Stolen Cards 12

18.  Beware of credit schemes  ZERO DOWN, ZERO INTEREST, NO PAYMENTS UNTIL 2017!  Interest can still get you! 12

19. There’s Always a Solution 13

20. Getting Out of Debt  Don’t Deny the Problem  Stop Using Your Card  Contact Your Credit Card Issuer  Get a Job  Reduce Expenses  Talk about Your Problems  Debt Consolidation 14

21. Credit Reports & Credit Scores 15

22. Credit Report  Collection of Information  Financial Report Card  Lenders Use this Information  3 Main Credit Reporting Agencies  Regularly Review Your Credit Reports 16

23. Credit Score  Numeric Value Applied to a Credit Report  Usually Called a FICO Score  Higher is Better 17

24. What Goes Into Our Credit Scores?  Pay Bills on Time  Unresolved Debt  Number of Cards and Their Balances  How Long  Quest for New Credit 18

25. Consequences of Irresponsible Credit Card Use 19

26.  High Interest Rates  Difficulty Renting an Apartment  Denied Employment  Graduate School Rejection  Higher Insurance Premiums  Big Bucks for Cell Phones  Denial of Credit 20

27. Identity Theft 21

28. Signs of Identity Theft  Card/Statement Not Requested  Statement Not Received  Unauthorized Charges  Denied Credit  Debt Collectors 22

29. Minimize the Risk…  Keep Personal Information Personal  Don’t Use Social Security Number  Leave Social Security Card Home  Carry Only What’s Needed  Photo ID Credit Card  Know Your Billing Cycles 23

30.  Shred Receipts  Use the Post Office  Creative Passwords  Purchase on Secure Websites  Keep Personal Information Safe  Review Credit Reports  Computer Virus Protection 24

31. Victims of Identity Theft Should…  Contact the Big Three  Experian  Equfax  Transunion  Fraud Alert  Order Free Credit Reports & Review  Call Fraud Departments  Close Fraudulent Accounts  File a Police Report  Contact the FTC 25

32. Identity Theft Video