Section 3.1: Credit Basics
Section 3.1 Focus
This section focuses on credit cards as an example of revolving credit and student loans as an example of installment credit. You will be introduced to mortgages and auto loans in Module 6 when we discuss making large, major purchases.
Read
- Your Spending, Your Savings, Your Future Manage Borrowing (pages 15 - 16, 18 - 19)
- Revolving Credit vs. Installment Credit: What's the Difference? Links to an external site.
- Credit Basics Links to an external site.
- Read Credit Card Tips For College Students (Consumers Union) 4_Pages Download Read Credit Card Tips For College Students (Consumers Union) 4_Pages
- What Is the FAFSA? Links to an external site.
- Why Student Loan Debt Can Be Good Links to an external site.
Watch
Watch the following videos to learn about secured vs. unsecured credit, APR, student loans, and credit card selection.
6 Credit Misconceptions: Secured vs. Unsecured Credit
How Credit Card Interest Works
Which of the 5 Types of Student Loans Is Right For You?
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