Your Credit Score

Students learn about credit scores.

Teaching Objectives:

  • Describe the purpose of a credit report.
  • Define the role of credit scores.
  • Explain the importance of a good credit score.

Standard 7: The student will identify the procedures and analyze the responsibilities of borrowing money.

Suggested Grade Level

6th – 12th Grade

Lesson Excerpt:

When people apply for loans, lenders want to be sure they will repay the money. Most lenders rely on a person’s credit score to make this decision. Lenders use credit scores to determine the level of risk associated with loaning money to that person. Credit scores are based on information gathered by credit bureaus and placed in a credit file.



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Categories Borrowing Money, Credit, Tags , , , , ,

2 thoughts on “Your Credit Score”

  1. This is a great lesson! However, it would be helpful to have an answer key so that teachers can ensure they’re accurately supporting the practice items.

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