Introduction and overview

• Introduction and overview
• Purpose of program
• Overview of Presentation

 
Choosing and using a credit card

• Review of interactive program on use of Credit and discussion of related issues with illustrations
• Types of cards/terms
• Differences between debit, charge and credit cards
• Terms - rates, fees, grace periods, balance computations, rewards
• Uses and abuses of credit cards -- what to buy and what not to buy with your credit card
• Understanding the cost of credit
• Credit reports -- scoring and its meaning, uses of credit reports, monitoring your credit

 
Consequences of credit abuse

• Review of video presentation and discussion of issues including illustrations
• Personal/relational
• Economic -- credit rating and its effect on credit availability and employment
• Bankruptcy -- types of bankruptcy proceedings, relief available, impact on future credit

 
Points to take away

• Have one card; keep the limit low
• Limit use of the card -- distinguish wants v. needs; use cash or checks when possible; do not charge more than you can pay
• Pay off the card each month If you keep balances, monitor them
• Create a budget, including savings or investments