Gorilla Guide to Credit Session ID: GGC010 Date: Web Session Time: Web Session Location: Web Session

Description

Do you use credit wisely? Credit is meant to be a tool not a crutch! This session is intended to help students begin to think about their use of credit and to use credit wisely. A dynamic speaker from Consumer Credit Counseling will present information on how to establish good credit or reestablish good credit, help students understand their current debt situation, design a debt reduction plan that will work, and make good buying decisions.

Learning Objectives

1. To understand that the future is uncertain (I.e. there is risk), thus, you should be careful in your use of credit.
2. To understand the priciples of credit (I.e. installment vs. revolving credit, secured vs. unsecured debt).
3. To understand what constitutes bad credit, and to realize the importance of having good credit and how to maintain it.
4. To be able to manage your existing debt at all times.
5. To understand how much access you should have to credit
6. To understand the time value of money, interest rates and the differences between simple and compound interest.
7. To know how to shop for credit cards.

Handouts

1. "Money? Credit? Debts? We Can Help" brochure from Consumer Credit Counseling Service of Los Angeles

2. Consumer Credit Counseling Service of Los Angeles Workshop Schedule and Location Maps

3. "Scoring With Credit- A Step-By-Step Guide" from Consumer Credit Counseling Service of Los Angeles

Videos

• Gorilla Guide To Credit
  Let the "Gorilla Guide to Credit" help you navigate throught the credit jungle! Learn how to: protect your credit, establish good credit, repair credit problems, understand credit reports and other helpful credit tips.
  Click here to watch video.