Value of a Credit Report
T.i.P.S.
This standard expects students to describe the value of credit reports to borrowers, the person who is seeking credit, and the lender, the person giving the credit. Students need to understand that borrowers should keep a check of their own credit periodically in order to know what is there. A T-chart to look at the value to a borrower and lender could be a useful visual for students to put this standard into perspective.
Example
Why would a credit report be useful to both a borrower and lender? Justify your thinking using a T Chart or table.
Digital Tools
Click on the following links for interactive games.Resources
Click on the following links for more information.
Federal Reserve System’s Resources for Educators
Teacher Online Resource Center
TEKS
Supporting Standard 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:(F) describe the value of credit reports to borrowers and to lenders
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