Book+Two

= BORROWING: Use - Don't Abuse =

**__Unit 2 Assignments:__**

 * Vocabulary Book Two ||= Edmodo ||
 * Do Now/ Class Notes ||= Notebook ||
 * Assignment 2.1 ||= Book ||
 * Assignment 2.2 ||= Book ||
 * Credit Types Notes ||= Notebook ||
 * < Credit Video Notes ||= Notebook ||
 * Assignment 2.3 ||= Book ||
 * Assignment 2.4 || Worksheet ||
 * Task: Which Deal is better || Worksheet ||
 * Credit Card Compare ||= Edmodo ||
 * Assignment 2.6 ||= Book ||
 * Assignment 2.7 ||= Book ||
 * Reading Notes Book 2 || Notebook ||
 * Unit 2 Review ||= Edmodo ||

**__OBJECTIVES:__**
__**2-1 Using Credit**__ In this lesson students will weigh the benefits and risks of borrowing. Along the way they will:
 * Discuss why people borrow.
 * Give examples of acceptable and unacceptable situations to use credit.
 * Explain how

__**2-2 Credit Costs**__ In this lesson students calculate the costs of borrowing options. Along the way they will:
 * Give examples of how credit is used.
 * Identify typical costs and terms of credit.
 * Calculate the cost of using credit.

__**2-3 Credit Ratings**__ In this lesson students will learn about ways to establish a good credit rating. Along the way they will:
 * Outline the credit application process.
 * Describe what lenders consider when deciding whether to approve or deny a credit request.
 * Explain how creditors investigate someone’s borrowing habits.

__**2-4 Rights and Responsibilities**__ In this lesson students will learn about the rights and responsibilities of borrowers and lenders. Along the way they will:
 * Explain their legal rights and responsibilities when agreeing to a contract.
 * Recite guidelines for borrowing limits.
 * State where to get help with credit issues.

__**2-5 Identity Fraud**__ In this lesson students will take steps to protect themselves from identity fraud. Along the way they will:
 * Give examples of identity fraud
 * Describe how to address problems of fraud
 * Give examples

What is Credit: https://www.youtube.com/watch?v=qWWZ77-1YuA
Understanding Credit Card Fees: https://www.youtube.com/watch?v=G6tsHV28mVk How Credit became a way of life : https://www.youtube.com/watch?v=88bCYyLAx3A

Credit Card Debt Explained With a Glass of Water: (3 min) []
Is a Credit Card Your Friend?: (3 min) http://www.youtube.com/watch?v=zVZE3mivBiw&feature=youtu.be Credit vs. Debt & Credit Card Fees: (4 min) http://www.youtube.com/watch?v=zVZE3mivBiw&feature=youtu.be Fraud: https://www.youtube.com/watch?v=GpQ5ApWpNxo Cost of Identity Theft: http://www.bankrate.com/finance/credit/high-cost-of-identity-theft.aspx Identity Theft Victims: http://www.nbcnews.com/business/personal-finance/identity-theft-victims-culprit-may-be-closer-you-think-n395951

Links:
Cost of Dedt Calculator: http://www.bankrate.com/calculators/managing-debt/minimum-payment-calculator.aspx Amortization Calculator: [] http://www.consumer.ftc.gov/ http://www.docstoc.com/docs/94930934/Credit-Report-Example https://www.experian.com/credit_report_basics/pdf/samplecreditreport.pdf http://www.idtheftcenter.org/ http://www.consumerfinance.gov/ Credit Card Report: http://federalreserve.gov/creditcard/flash/readingyourbill.html http://www.econedlink.org/lessons/docs_lessons/346_346_QTPiTeachers.pdf