Managing Credit Activities

INTERACTIVE: Credit Clash

In this activity, students will be able to: 

  • Battle their way to the perfect credit score through an online interactive game 
  • Understand what causes credit scores to increase or decrease

CARTOONS: The Value of a High Credit Score

In this activity, students will be able to: 

  • Examine a number of cartoons about the value of a high credit score and choose one to explore in more depth
  • Explain the cartoon's key message and analyze how it depicts that message

MOVE: Up and Down with Credit Scores

In this activity students will be able to: 

  • Reinforce their understanding of the five components of a credit score and how credit scores are calculated
  • Move around the room to kinesthetically model how financial decisions can impact their score

INTERACTIVE: Compounding Cat Insanity

In this activity, students will be able to: 

  • Use an online interactive game that simulates the process of paying off mountains of debt
  • Think about the strategies they used to "pay off" or "minimize debt"
  • Reflect on how a heavy debt burden can impact one's emotional state 

INTERACTIVE: FICO Credit Scores (Sp)

In this activity, students will be able to:

  • Use an online FICO credit score estimator to compare the credit scores of three hypothetical college students and offer them advice on improving their credit.
  • Available in English & Spanish

INTERACTIVE: Credit Across US Communities (Sp)

In this activity, students use an online, interactive map tool to answer questions about credit usage around the United States, nationally and at the state and county levels.

  • Available in English & Spanish

ANALYZE: Household Debt and Credit Report

In this activity, students will be able to:

  • Analyze 3 interactive graphs provided by the Federal Reserve Bank of New York to answer questions about household debt in the US, historically and currently
  • Answer the question, “Are debt and delinquency a problem in America?” based on their findings

CALCULATE: High Rate v. Debt Snowball (Sp)

Students will be able to:
  • Use an online calculator to “pay off” a hypothetical portfolio of debts using both Highest Interest Rate method and Debt Snowball method
  • Compare the cost and time for both methods and investigate the impact of making larger monthly payments overall.
  • Available in English & Spanish

CALCULATE: Impact of Credit Score on Loans (Sp)

In this activity, students will be able to:
  • Use an online loan calculator to determine the total interest paid and the monthly payment for an auto loan and a mortgage for individuals with varying credit scores
  • Understand the impact and importance of credit score when it comes to borrowing for major purchases
  • Available in English & Spanish

COMPARE: Making Credit Decisions (Sp)

In this activity, students will be able to:

  • Decide how to pay for an unanticipated expense, using various options available to them
  • Create a bulleted list of pros and cons
  • Note any additional questions they should ask before making that decision
  • Available in English & Spanish

COMPARE: Types of Identity Theft (Sp)

In this activity, students will be able to:
  • Explore the various types of identity theft and risk factors for each.

FINE PRINT: Credit Report

With this Fine Print students will be able to:

  • Read a credit report
  • Understand how the information tracked on credit reports impacts lending and employment decisions

PROJECT: Build a Timeline for Your Credit History (Sp)

In this activity, students will be able to:

  • Think about what actions they can take 1, 5, 10, and 20 years from now to have a solid credit history
  • Present their final ideas in timeline format
  • Available in English & Spanish

PROJECT: Craft a Credit Score Game

In this activity, students will be able to:

  • Work in groups to create one of the following types of games on credit scores: board game, card game, or trivia game

PROJECT: Do-It-Yourself Debt Relief

In this activity, students will be able to:

  • Review the debt statements of a recent college grad
  • Use their knowledge and various online tools to assess her options for managing the debt responsibly
  • Make recommendations to help her meet her long-term goals

PROJECT: Launch an ID Theft Awareness Campaign

In this activity, students will be able to:

  • Launch a Public Awareness Campaign to help students at school learn about different types of ID theft and ways they can protect their information
  • Work in groups to conduct research and create communication tools that they will use during the campaign

READ: Bankrupt at 23

In this activity, students will be able to:

  • Read and respond to a blog post from a woman who had to file for bankruptcy at age 23 because of out-of-control credit card spending and debt.

RESEARCH: Bankruptcy Web Quest

In this activity, students will be able to:

  • Use the internet to research definitions for key bankruptcy terms.
  • Define the vocabulary in their own words and provide examples.
  • Available in English & Spanish

RESEARCH: CFPB and FTC Web Quest

Students will be able to:
  • Use the internet to explore the Consumer Financial Protection Bureau and Federal Trade Commission websites to learn about each agency’s mission, the education and other services they offer, and when to use each.

RESEARCH: Fair Credit Reporting Act Web Quest

In this activity, students will be able to:

  • Use the internet to research answers to specific questions regarding the Fair Credit Reporting Act, thereby expanding their knowledge of FCRA.

RESEARCH: How Can I Improve My Credit Score? (Sp)

In this activity, students will be able to:

  • Use the internet to find tips for how they can improve their credit score.
  • Available in English & Spanish