lesson
Evaluating Sources of Credit: Revolving Versus Installment Debt
Compare the terms, annual percentage rates (APR), and risks of credit cards, personal lines of credit, and auto loans.
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This lesson is part of a track
Public learning track
Credit, Debt, and Financing Higher Education
7 lessons
Goal
Evaluate sources of credit, understand credit scoring algorithms, master debt amortization, and conduct cost-benefit analyses on higher education financing.
7 lessons
0 of 7 done
- Anatomy of a Credit Score: FICO Factors and Bureau ReportsUp next
- Strategies for Building and Repairing Credit RatingsNot started yet
- Evaluating Sources of Credit: Revolving Versus Installment DebtYou are here
- The Mathematics of Compounding Interest in Loans and AmortizationNot started yet
- Types of Loans: Mortgages, Auto Loans, and Secured BorrowingNot started yet
- Federal Versus Private Student Loans: FAFSA and Repayment PlansNot started yet
- Cost-Benefit Analysis of Post-Secondary Education and Career PathwaysNot started yet
Learning standards covered
HS.30Oregon Social Studies Standards · All agesIdentify strategies of establishing and maintaining a good credit rating, and identify and evaluate sources of credit and their advantages and disadvantages.
HS.37Oregon Social Studies Standards · All agesCompare and contrast the various types of loans available, how to obtain them and the function of compounding interest and explain the costs and benefits of borrowing money for post-secondary education.