5. Understanding Credit

Understanding and Managing Credit

Learning Outcomes

This section focuses on the following four objectives to help you better understand credit reports and credit cards:
A. Learn about credit bureaus, credit reports, and credit scoring.
B. Identify appropriate uses for credit cards and explain how they can help you achieve your financial goals.
C. Learn how to manage credit cards and open credit.
D. Learn how credit cards work and describe the costs involved.

Chapter Reading

Please read the chapter on "Understanding and Managing Credit" (PDF)


Slide Presentation

Please click here for the PowerPoint slide presentation (PPT) for this chapter, or here for the slides as a PDF.





Here are the assignments for "Understanding and Managing Credit"



The following learning tools may be helpful with this chapter:

Credit Card Repayment Spreadsheet

Debt Amortization and Prepayment Spreadsheet

Debt Elimination Schedule with Accelerator

PFP Credit Cards Template


Additional Materials

Credit Report Sources: