---
title: "SSPFL5: Credit and Credit Scores (Georgia Social Studies standard)"
code: SSPFL5
cite_as: Georgia Standards of Excellence, Social Studies, SSPFL5
subject: social_studies
grades:
  - high-school
language: en
canonical_url: https://georgiahomeroom.org/standards/code/SSPFL5
md_url: https://georgiahomeroom.org/standards/code/SSPFL5.md
alternate_language_url: https://georgiahomeroom.org/es/standards/code/SSPFL5.md
source_url: https://case.georgiastandards.org/ims/case/v1p1/CFDocuments/a446e74c-463e-11e7-94f5-b49cee8b2d8c
source_last_changed: 2025-02-04
data_built: 2026-09-18
publisher: Georgia Homeroom, a free public-interest project of Georgia Civic Data. Not affiliated with or endorsed by the Georgia Department of Education or any school district.
up: https://georgiahomeroom.org/standards/social_studies/high-school.md
index: https://georgiahomeroom.org/standards/index.md
---

# SSPFL5: Credit and Credit Scores

Describe the importance of credit and having a favorable credit score.

- Subject: Social Studies
- Appears in: High School, https://georgiahomeroom.org/standards/social_studies/high-school.md

## Expectations

- **SSPFL5.a**: Define credit and interest rates.
- **SSPFL5.b**: Describe factors that affect credit worthiness and the ability to receive favorable interest rates including character (credit score), collateral, and capacity to pay.
- **SSPFL5.c**: 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.
- **SSPFL5.d**: Describe different ways financial institutions, employers, and other parties use credit reports and credit scores.
- **SSPFL5.e**: Describe how to access one’s credit report and credit score.
- **SSPFL5.f**: Analyze and evaluate a sample credit report.
- **SSPFL5.g**: Explain how to begin building a good credit history at an early age.
- **SSPFL5.h**: Explain causes of personal bankruptcy and describe consequences of declaring bankruptcy.

## Georgia Milestones coverage

No Georgia Milestones blueprint cites this standard.

Source: Georgia Standards of Excellence, published by the Georgia Department of Education at case.georgiastandards.org.