Credit Scores and Your Future
Learning Objective
I can explain how credit scores impact financial opportunities.
Lesson Flow
Watch Video
What Goes Into Your Credit Score?
Two Cents
Guided Notes
Key concepts students will learn:
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Your FICO score is a three-digit number between 300 and 850 that indicates to a lender how safe it is to lend money to you.
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The largest percentage of your FICO score is based on your payment history, so missing a payment is one of the worst things you can do.
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To maintain a good credit score, it's important to keep your credit to debt ratio under 25% and be mindful of applying for too many new lines of credit in a short period.
Practice
12 questions • Multiple choice & Short answer & True/false
Exit Ticket
“Explain how a high credit score can impact your ability to get a loan and the terms associated with it.”
Teacher Guide
Get the complete package:
- Answer keys for all questions
- Differentiation strategies
- Extension activities
- Printable student handouts
