1. Chapter 4 Sections 1&2 Americans, Debt, And Credit Cards

3. What is Credit? Receiving money, directly or indirectly to purchase goods or services with the promise to repay the Debt in the future. What’s the Vig’?

4. Interest and Principal

5. Installment Debt What Kind of stuff do we buy on an installment plan?

6. Durable Goods Give some examples of Durable Goods.

7. About $900 billion

8. Installment Debt Things to Know The length of the Installment Period – Combined with the Principal and interest rate determines the Total Payback. Longer installment periods equate to smaller payments but greater interest charges. Mortgages are the largest form of installment debt owed.

9. What is Installment Debt? $ 48.24

11. Buying a Car

12. Write a paragrap h on what choice you would make and why.

13. Buying a New or Used Car on Credit

15. Check List for Buying on Credit

16. Advertising Project Client: Society for the Judicial Use of Personal Credit. Job: Your agency needs to produce a one minute commercial to educate consumers on the decision making process in buying a new car. Use the Check List for buying on Credit on pg 87 as your guide.