Table of Contents
Planning Your Financial Future
What is Credit?
Good News About Consumer Credit
Bad News About Credit
Classifying Consumer Credit
Classifications of Consumer Credit: Types of Repayment
Revolving (Open-end) Charge Accounts
Closed-end Accounts
Regular 30-Day Accounts
Mortgages
How Much Should You Borrow?
The Right Reasons for Borrowing
Purchasing Large Goods and Services
Emergencies
Taking Advantage of Opportunities
Convenience
Establishing Credit
The Wrong Reasons to Borrow
The Credit Trap
Sources of Credit
PPT Slide
National Credit Cards
Retail Credit Cards
Consumer Finance Companies
Some Advantages of Using Consumer Finance Companies
Captive Finance Companies
Life Insurance Companies
Brokerage Account Loans
Personal Loans
Pawnbrokers
Applying for Credit
Capacity -- Can You Afford to Repay Debt?
Character -- Are You Willing to Repay Debt?
Collateral -- Can You Secure the Debt?
Credit Bureaus
Information Provided by Credit Bureaus
Getting a Copy of Your Credit Report
Steps to Establishing Credit
Denial of Credit
Laws Governing Consumer Credit
Laws Governing Consumer Credit
Finance Charges
Finance Charges a Function of Three Variables
Finance Charges Function of Three Factors
A Loan Repayment Problem
Repayment Schedule
Choosing a Credit Card
The Grace Period
Which Credit Card is Best for You?
Consequences of Credit Abuse
Repossession of Property
Sale of Repossessed Property
Wage Garnishment
Bankruptcy
Repercussions of Bankruptcy
Bankruptcy Filings
Rising Incidents of Bankruptcy
First Bankruptcy Alternative -- Chapter 7 Filing
Second Bankruptcy Alternative -- Chapter 13 Filing
Chapter 13 Filing
Credit Counseling
Credit Counseling Service
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