Personal Finance #4-Credit: Sources, Costs, Pros & Cons

This course will deal with instruments to assist with private monetary selections associated to debt and credit score.

Learners will perceive the benefits and drawbacks of utilizing credit score, in addition to the related prices of utilizing credit score.

We are going to focus on credit-related phrases like closed-end credit score, open-end credit score, and completely different mortgage varieties. Learners will even perceive what monetary establishments are, the variations in how various kinds of monetary establishments function, and which monetary establishments could also be finest for his or her private debt-related wants.

The course will cowl components that typically have an effect on a person’s means to entry credit score, together with the 5 C’s of credit score capability:

1. Character

2. Capability

3. Capital

4. Collateral

5. Circumstances

Learners will be taught in regards to the equal credit score alternative act (ECOA). We will even focus on choices for a person if denied credit score.

The course will focus on credit score prices, mortgage parts, and trade-offs when making credit-related selections.

We will even have a look at curiosity calculation strategies, a important matter for understanding private financing and making helpful monetary selections.

The course will embrace instance issues to make ideas extra concrete.

It can even have observe issues, together with downloadable Excel Workbooks, which customers can also open utilizing Google Sheets.

The Excel Workbooks will typically have a minimum of two tabs. One tab can have the reply key so learners can deconstruct the issue. The second tab is the place we work the observe downside step-by-step together with the academic movies.