4. Understanding Credit

Credit Use: Cards, Reports and Scores

Learning Outcomes

This section focuses on the following four objectives to help you better understand credit reports and credit cards:
A. Understand the principles of using credit wisely
B. Know about credit bureaus, credit reports, and your credit score
C. Understand the correct uses of credit cards and how they can help (or hinder) you attain your financial goals
D. Know how to manage your credit cards and open credit
E. Know how credit cards work and 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: