Credit

Discuss with your group before answering the question.

How is "Purchasing Power" an advantage of using credit? (2-3 sentences)

Answer explanation

Look at you notes

Discuss with your group before answering the question.

What is a danger of overspending?

(2-3 sentences)

Answer explanation

(Use your notes)

Discuss with your group before answering the question.

Why are interest and fees a disadvantage? (2-3 sentences)

Discuss with your group before answering the question.

What do you feel is the biggest advantage of credit? Explain your choice in detail. (3-4 sentences)

Choose are the 3 advantages to credit​ in the correct order ​ ​ (a)   ​ (b)   ​ (c)  

• Purchasing Power
• Convenience
• Emergency Fund
• Overspending
• Interest and Fees
• Mounting Debt
• Fraud

What are the 4​ disadvantages of credit in order?​ (a)   ​ ​ (b)   ​ (c)   ​ (d)   ​

• Overspending
• Interest and Fees
• Mounting Debt
• Fraud
• Purchasing Power
• Convenience
• Emergency Fund

Discuss with your group before answering the question.

What is the difference between a credit report and a credit score?

(2-3 sentences)

What should you look for on your credit reports?

(2-3 sentences)

Discuss with your group before answering the question.

What are the three credit report agencies and why do I need a report from each one?

(2-3 sentences)