credit project by destinee jones https://padlet.com/destineej22/2wpzho83ouyk Made with charisma en-us 2018-02-22 18:05:07 UTC 2023-10-06 09:19:15 UTC hello@padlet.com Types of credit destineej22 https://padlet.com/destineej22/2wpzho83ouyk/wish/234385546 2018-02-22 18:07:23 UTC https://padlet.com/destineej22/2wpzho83ouyk/wish/234385546 who offers credit cards ? destineej22 https://padlet.com/destineej22/2wpzho83ouyk/wish/234389001 capital one 
chase bank 
bank of America 
american express

]]> 2018-02-22 18:12:50 UTC https://padlet.com/destineej22/2wpzho83ouyk/wish/234389001 Loans destineej22 https://padlet.com/destineej22/2wpzho83ouyk/wish/234394451  Installment loans-monthly payments specific amount of time.
single payment loan- not paying anything until end of loan period.
Promissory note-written promise to repay based on debtor's credit history.
Secured loan-lender sell collateral to get back payment of loan if you don't repay it

]]> 2018-02-22 18:20:51 UTC https://padlet.com/destineej22/2wpzho83ouyk/wish/234394451 disadvantages and advantages of credit destineej22 https://padlet.com/destineej22/2wpzho83ouyk/wish/234394913 disadvantages of credit

1.companies will encourage you to spend money that's not yours

2. interest on the amount you don't pay off

3. credit card fraud

Advantages of credit 

  1. you don't have to carry cash
  2. establish credit  if you pay it correctly 
  3. protection of purchases you make 



]]> 2018-02-22 18:21:33 UTC https://padlet.com/destineej22/2wpzho83ouyk/wish/234394913 cost of credit interest destineej22 https://padlet.com/destineej22/2wpzho83ouyk/wish/235502823 Ex: Bob went to buy a washing machine and dryer for $350 altogether plus sales and the interest 5.6 % if you keep the machine and dryer for 3 years. 

interest + principal * rate * time ]]> 2018-02-26 17:32:12 UTC https://padlet.com/destineej22/2wpzho83ouyk/wish/235502823 jenkinsza https://padlet.com/destineej22/2wpzho83ouyk/wish/235506447 Character 
capacity
Capital]]> 2018-02-26 17:37:08 UTC https://padlet.com/destineej22/2wpzho83ouyk/wish/235506447 How to establish credit ? destineej22 https://padlet.com/destineej22/2wpzho83ouyk/wish/235510236
  • open up a saving and checking account 
  • get a job 
  • ask an adult to get you a credit card 


    • ]]>     2018-02-26 17:41:05 UTC https://padlet.com/destineej22/2wpzho83ouyk/wish/235510236     Credit Bureau jenkinsza https://padlet.com/destineej22/2wpzho83ouyk/wish/235510893 Experian,Equifax, and Transunion.
    -Gather information on credit users.
    - sells to business offering credit, like banks, finance companies.

    ]]>     2018-02-26 17:41:58 UTC https://padlet.com/destineej22/2wpzho83ouyk/wish/235510893     Credit report time !!! destineej22 https://padlet.com/destineej22/2wpzho83ouyk/wish/235513776 credit websites: 
    1. https://www.creditkarma.com/
    2. https://www.consumer.ftc.gov/articles/0155-free-credit-reports
    3. https://www.experian.com/consumer-products/free-credit-report.html
    4. https://www.freecreditreport.com/
    5. https://www.transunion.com/annual-credit-report
    whats a credit report ? 
    is a report on how good or bad you been paying off the money you owe 

    what do you see on a credit report ? 
    • date you opened the account 
    • accounts you have with them 
    • your credit limit 
    • the payment balance 
    • and how much you owe to the bank

    false information on a credit application is illegal 


    ]]>     2018-02-26 17:46:02 UTC https://padlet.com/destineej22/2wpzho83ouyk/wish/235513776     Fico score jenkinsza https://padlet.com/destineej22/2wpzho83ouyk/wish/235515516 maintain good credit score
    1. pay bills on time 
    2.don't open too many accounts
    3. keep balances low 
    4.establish a credit history
    5. better your score better rate you'll get from the lender.

    Your score impacts  interest rate you receive if you have good or bad credit.

     ]]>     2018-02-26 17:48:43 UTC https://padlet.com/destineej22/2wpzho83ouyk/wish/235515516     How to avoid credit fraud jenkinsza https://padlet.com/destineej22/2wpzho83ouyk/wish/235523478 - keep credit cards close 
    -shred anything with credit card numbers on them
    -Don't sign blank credit card receipts.

    ]]>     2018-02-26 18:00:45 UTC https://padlet.com/destineej22/2wpzho83ouyk/wish/235523478     tips on credit cards destineej22 https://padlet.com/destineej22/2wpzho83ouyk/wish/235525003
  • keep track of all your purchases 
  • don't spend too much money 
  • pay off your balance at the end of the month
    • ]]>     2018-02-26 18:02:56 UTC https://padlet.com/destineej22/2wpzho83ouyk/wish/235525003     References jenkinsza https://padlet.com/destineej22/2wpzho83ouyk/wish/236559162 2018-02-28 17:56:01 UTC https://padlet.com/destineej22/2wpzho83ouyk/wish/236559162