Objectives
Students will:
- Explain debt-to-income ratio.
- Identify the components of a loan application package.
- Identify any risks of receiving a loan and any possible consequences of not meeting requirements within a loan agreement.
Skills Needed
Students must be able to:
- Explain how a credit score can affect approval for credit.
- Identify factors that can affect a credit score positively or negatively.
- Understand how to establish a good credit history.
- Know how to increase their credit score.
