Personal Finance #4-Credit: Sources, Costs, Pros & Cons
Learn about debt and credit related, personal finance decisions, from a Certified Public Accountant (CPA)What you'll learn
- Describe and define credit
- List and explain credit advantages and disadvantages
- Understand closed end credit and open end credit
- List different loan types and describe their pros and cons
- List types of financial institutions and explain their pros and con
- List and explain the 5 C's of credit history
- Explain the Equal Credit Opportunity Act (ECOA)
- Describe loan components and the trade offs of them
- Calculate different interest calculation methods
- List and identify debt problem warning signs
