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Credit & Debt Management

Overview

This chapter examines the role of credit and debt in personal finance. Students will learn how credit scores are calculated and maintained, responsible credit card usage, and methods for comparing different forms of debt. We'll cover strategies for building good credit, managing existing debt, and avoiding predatory lending practices. Students will develop critical skills for navigating the credit system effectively.

Topics Covered

  • Credit scores and reports
  • The FICO Score
  • Building and maintaining good credit
  • Credit cards and responsible usage
  • Types of consumer debt
  • Interest rates and calculations
  • Debt repayment strategies
  • Avoiding predatory lending