T.i.P.S.

  • Lightbulb It is important that when learning about personal financial literacy, students begin to see the connection between them all. For example, this standard goes along with establishing a positive credit history. Students need to understand the types of information a credit report gives someone (a creditor or yourself) such as: accounts, delinquent payments, closed accounts, repossessions, bankruptcy, foreclosure, and tax liens. Students also need to understand how long items stay on the credit history (ex. bankruptcy can be 7 or 10 years, depending on the type).

Example

  • Which information is retained in a credit report? Justify your thinking for each choice. 

    1. Late payments
    2. Current and closed accounts
    3. Bankruptcy
    4. All of the above
     
     

Digital Tools

  • Click on the following links for interactive games.

Resources

TEKS

  •  
    6.14 Personal financial literacy. The student applies mathematical process standards to develop an economic way of thinking and problem solving useful in one's life as a knowledgeable consumer and investor. The student is expected to:

    (E) describe the information in a credit report and how long it is retained

Feedback

  • Lighthouse Click here to submit feedback.