Credit Fundamentals for Kids

 

Course Description:

The Credit fundamentals course teaches students about the basics of credit, and how to use it safely. The course is designed to explain the complexities of credit in easy to understand terms and examples. In addition to building a strong foundation in credit usage, this course provides valuable information for students and parents to help them from getting into trouble with credit.

 

The information provided in this course is essential knowledge for everyone, yet it is never taught in the school system.

 

Course Format: Online Class:

Price: $29.99

Course Syllabus:

Credit Basics

• What is Credit?
• Reasons you might need credit
• Lenders
• Borrowers
• Why do lenders offer credit to borrowers

Interest and Interest rates

• What is interest?
• Types of Interest
• Simple Interest Explained
• Compound Interest Explained
• What is an interest rate?
• Why are interest rate different for different types of credit?
• Why is the interest rate important when getting credit?
• Tips for finding low interest rates

Types of Credit

• What are the different types of credit available?
• Installment Credit
• Revolving Credit
• How do I choose which type of credit is right for me?

Getting Credit

• How do you get credit?
• Sources of Credit
• Process for obtaining credit
• Borrowers
• Why are some types of credit easier to get than others?

Credit scores explained

• What is Credit?
• Reasons you might need credit
• Lenders
• Borrowers
• Why do lenders offer credit to borrowers

Credit Basics

• How to use credit safely
• Safe credit practices
• Benefits of responsible credit usage

How not to use credit

• Unsafe credit practices
• Types of credit trouble
• What happens when you get into credit trouble
• Most Commom credit problems

How not to use credit

• Unsafe credit practices
• Types of credit trouble
• What happens when you get into credit trouble
• Most Commom credit problems

Credit Cards

• What is a credit card?
• How credit cards are used
• How to understand a credit card application
• Tips for choosing a credit card
• Safe ways to use a credit card
• Dangerous ways to use a credit card

Bank loans

• What is a bank loan
• How a bank loan works
• How to apply for a bank loan
• Tips for choosing a bank loan

Credit Traps

• What is a credit trap
• Types of credit traps
• How to avoid credit traps

Additional Courses:

 

Banking Fundamentals for Kids

 

Personal Finance Fundamentals for Kids