See all 9th-12th Grades Standards
Managing Credit

Managing Credit

Article • 15 min of learning
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Here's how Managing Credit aligns with curriculum standards in Connecticut. Use the filters to change the location, set of standards, and grade level.

Financial Literacy Standards

9.4: Managing Credit

12.1: Borrowers can compare the cost of credit using the Annual Percentage Rate (APR) and other terms in the loan or credit card contract.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Managing Credit
12.1.a: Describe how credit card grace periods, methods of interest calculation, and fees affect borrowing costs.
12.1.b: Compare the cost of borrowing $1,000 using consumer credit options that differ in rates and fees.

12.7: Lenders assess creditworthiness of potential borrowers by consulting credit reports compiled by credit bureaus.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Managing Credit
12.7.a: Identify the primary organizations that maintain and provide consumer credit reports.
12.7.b: Assess the value to a potential lender of the information contained in a credit report.

12.8: A credit score is a numeric rating that assesses a person's credit risk based on information in their credit report.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Managing Credit
12.8.a: Identify the main factors that are included in credit score calculations.
12.8.b: Explain how a borrower's credit score can impact their cost of credit and their ability to get credit.
12.8.c: Recommend ways that a person can increase their credit score.