CREDIT
Presentation
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Social Studies
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12th Grade
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Practice Problem
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Medium
Joel Simonds
Used 184+ times
FREE Resource
8 Slides • 2 Questions
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CREDIT
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Multiple Select
Why should you worry about having "good credit?"
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HOW DO YOU KNOW WHAT A GOOD SCORE IS?
Higher the score, the better
It takes time- remember, it's about building "trust"
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HOW DO YOU END UP WITH A BAD SCORE?
Don't pay your bills
make late payments
have too much debt compared to your income level (Debt - Income ratio)
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WHAT IS DEBT TO INCOME (DTI) RATION
Compares monthly debt payments to your income level
If debt payments are too high compared to your income- DTI is too high..
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Multiple Select
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HOW TO MAKE LIFE HARD..
Rack up Credit Card debt at a young age
Select a college major that doesn't result in employment
Take on unnecessary student debt
Move out of your parents' house too soon (it may be annoying, but it's cheap!)
Do "adult things" before you're able to handle the consequences
CREDIT
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