1. Unit 4 Standards FACS-CF-5 e-j

2. Unit 4

3. Evaluate the terms and conditions of credit cards. 1.http://www.clearpointcreditcounselingsolutions.org/managing_credit/ter ms.aspxhttp://www.clearpointcreditcounselingsolutions.org/managing_credit/ter ms.aspx Terms and Conditions

4. http://www.myfico.com/crediteducation/videos/WebVideos.aspx?v=_Nd3ol6lLWQ http://www.myfico.com/crediteducation/videos/WebVideos.aspx?v=_Nd3ol6lLWQ credit fairy video http://www.commercebank.com/personal/online- services/online-banking/terms-and-conditions.asp http://www.commercebank.com/personal/online- services/online-banking/terms-and-conditions.asp Terms and conditions of banks http://www.hrccu.org/Consumer-Loans- c40.html Credit union

5. g. Complete a credit application. http://www.credit-to-cash- advisor.com/files/1_2_1/pdf/SampleCreditApplication. pdf http://www.credit-to-cash- advisor.com/files/1_2_1/pdf/SampleCreditApplication. pdf Sample http://sites.cunamutual.com/cmg/media/00001759.pd f http://sites.cunamutual.com/cmg/media/00001759.pd f Credit card www.fasfa.edu Student loan application

6. h. Examine a personal credit report. http://www.transunion.com/corporate/personal/cons umerSupport/eduVideo/consumerEducationVideo.pa ge?utm_source=transunion&utm_medium=sharelink &utm_campaign=consumerVideo http://www.transunion.com/corporate/personal/cons umerSupport/eduVideo/consumerEducationVideo.pa ge?utm_source=transunion&utm_medium=sharelink &utm_campaign=consumerVideo Credit reports

7. i. Discuss the effect of credit rating on finances. http://mortgagesloans.suite101.com/article.cfm/the_credit_c onsequences_of_foreclosure Foreclosure http://www.clearpointcreditcounselingsolut ions.org/managing_credit/bankruptcy.aspx Bankruptcy Writing checks on a closed account Not paying debt on time Not paying doctor’s on time Not paying any creditor on time: Hospitals; dentist; insurance, etc.

8. j. Explain various types of credit records. Credit cards An account that is maintained as long as there is a balance. The credit card can be cancelled or revoked if the bill is not paid in a timely manner. The account is may be used for anything as long as the payment is paid. Loans- These can vary: car, home, boat, home improvement, etc. These loans work like credit cards but there is no plastic involved. You gain the loan by signing a number of papers stating the you will pay back the loan. If the payments are not paid, these can be repossessed or (home) foreclosed on. The loan provider will get their money from the home, car, etc.