Creditors’ Criteria and Borrowers’ Rights and Responsibilities

Students discuss key terms related to credit and learn how creditors use capacity, character, and collateral as criteria for making loans. Students learn about credit rights and responsibilities. Groups use role-play scenarios to identify and discuss the rights and responsibilities of using credit.



Students will
  • define credit and creditor,
  • define interest,
  • identify and describe criteria lenders use to make loans, and
  • explain the rights and responsibilities related to using credit.


Time Required

45-60 minutes


  • Capacity
  • Character
  • Collateral
  • Credit
  • Creditor
  • Credit responsibilities
  • Credit rights
  • Interest

Whiteboard (SMART/notebook)
Whiteboard (ActivInspire/flipchart)
PowerPoint (pptx)

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