Identification should include
- attitudes, values, and goals regarding the use of credit
- recommendations regarding the wise use of credit
- comparison of consumer credit options (e.g., loans, credit cards)
- consequences of misuse of credit
- actions necessary to reduce risk of identity theft.
Process/Skill Questions:
Thinking
- Can people in today’s economy function without the use of credit? Why or why not?
- What are the risks and rewards of using credit to finance major purchases?
- What factors should be considered before applying for credit?
- Why is it important to have a good credit rating?
- Who checks credit scores?
Communication
- What are the benefits of a good credit rating? Consequences of a poor credit rating?
- What communication skills are needed to understand the terms of credit?
Leadership
- How important is credit to your life-management plan?
- How can using consumer credit be an advantage for one person but a disadvantage for another person?
- What is the government's role in protecting citizens who have overused credit?
Management
- How can management skills help you handle credit wisely?
- What steps can be taken to improve your credit rating?