Credit__1_F09.2_slides

Credit__1_F09.2_slides - What were some of the consistent...

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What were some of the consistent themes in the GD#1 posts? Why did I assign these questions? Outline for Credit - •Pros and Cons of Credit •Types of credit •Selecting a credit card •Minimum payments and consequences •Credit ratios •Credit reports and ratings; FICO scores •Credit laws and protections •Getting out of debt FCE 238 FINANCIAL PYRAMID DEBT Wallet woes…. . Michigan State University Average debt at graduation $22,147 *Kiplingers Personal Finance February 2008 6 Credit card debt in our class: My credit card debt is: A. $0 - $500 B. $500 - $1,000 C. $1,000 - $3,000 D. over $3,000 5
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Credit use clarified Debit vs. credit. convenience vs. extending income. Therefore, when you carry a balance . 8 Debit vs Credit Debit = using your own money in your account. Convenience. Credit = borrowing from the financial institution. Extending income. 7
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This note was uploaded on 10/17/2011 for the course ECON 101 taught by Professor Thompson during the Spring '11 term at Michigan State University.

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Credit__1_F09.2_slides - What were some of the consistent...

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