Comparison should include
- defining the terminology
- annual percentage rates
- annual fees
- over credit limit fees
- transaction fees
- late fees
- risk-based lending
- formal sources
- informal sources
- finance charge
- identifying sources as formal sources or informal sources
- identifying credit sources, such as retailers, banks, credit unions, finance companies, payday loan services, title loan services, and pawnbrokers
- identifying predatory lenders (e.g., title loan services, pawnbrokers)
- enumerating advantages and disadvantages of the various credit sources (e.g., risk-based lending).
- identifying the information that is needed to apply for credit.