Georgia standard · Social Studies

`SSEPF6`Costs and Benefits of Credit

Evaluate the costs and benefits of using credit.

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Expectations

SSEPF6a
Differentiate between and explain how to access one’s credit report and credit score.
SSEPF6b
Describe the basic components of a credit score including payment history, debt to income ratio, amount owed, length of credit history, types of credit used, amount of available credit, and recent credit applications.
SSEPF6c
Analyze and evaluate a sample loan application for credit worthiness and the ability to receive favorable interest rates.
SSEPF6d
Explain the difference between revolving credit and installment credit.
SSEPF6e
Explain causes of personal bankruptcy and describe consequences of declaring bankruptcy.

No Georgia Milestones blueprint cites this standard.