Managing Credit Activities

ANALYZE: 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: 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

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

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