Using Credit Badge

Issued by Federal Reserve Bank of St. Louis

Achieve an understanding of using credit responsibly. Students will learn skills to use and manage credit responsibly, what a credit report is, and the benefits of having a good credit score. Lessons also include engaging content and activities that relate to real-world application such as the information lenders collect when consumers apply for loans.

Type Learning
Level Foundational
Time Hours

Additional Details

Skills

Compute interest rates by various mechanisms (i.e. simple, compound, APR)
Explain factors that affect credit worthiness and determine one’s credit score
Explain the alternatives to using consumer credit and to avoiding credit problems (i.e., cash, layaway, and planned savings for a large purchase).
Identify credible sources to assist with credit problems.
Identify ways to correct credit problems.

Earning Criteria

Once students have successfully completed the module and in-class activities, they will earn, at no cost to the school or district, a digital badge issued through Credly certifying their achievement. This badge can be displayed on social media profiles.

Standards

Apply the decision-making process to personal and family financial choices. The student will be able to:

09.0 Analyze the use of consumer credit and consumer loans.