PPT-Credit and Debt Management

Agenda Start time Break time 10 minutes End time   Please set phones to silent ring and answer outside of the room How I Feel About Credit and Debt How do you feel about being in debt Here are some sample statements Check the one that is closest to your own attitude. . . By Hema Moryani. Basics of Debt . They are contracts in which one party lends money to another at certain pre determined terms. NCHER Knowledge Symposium. November, 2013. Who is MMI?. The largest full-service credit counseling agency in the United States.. We serve clients nationwide.. We are a nonprofit 501(c)3 organization.. Credit Management. Three C’s of Credit. Character. Honesty to pay a debt when it is due.. How past debt obligations were handled. Capacity. Refers to a person’s ability to pay a debt when it is due. Credit Management. Main Types of Credit. Credit. : An agreement to obtain money, goods or services now in exchange for a promise to pay in the future. Main Types of Credit. Charge Accounts. Credit Cards. NCHER Knowledge Symposium. November, 2013. Who is MMI?. The largest full-service credit counseling agency in the United States.. We serve clients nationwide.. We are a nonprofit 501(c)3 organization.. Personal Financial Literacy:. Debt Management and Credit Worthiness. Terms. Deposits. Withdrawals. Transfers. Overdraft fees. Automated . Transactions. Bounced Checks. Loan. Debt. Personal Debt. Your . Essential Standard 5.00. 1. Understand credit management. Objective 5.01. 2. Main types of credit. Common advantages and disadvantages of businesses using credit. Cost of credit. Main factors examined for granting credit. Topics:. Main Types Of Credit. Common Advantages and Disadvantages of businesses using credit. Cost of Credit. Main factors examined for granting credit. Credit Documents. Credit Regulations. Credit Assistance. by . T. Current as of September 2014. U.S. household consumer debt profile:. Average credit card debt: . $15,607. . Average mortgage debt: . $153,500. . Average student loan debt: . $32,656. . In total, American consumers owe:. Credit Management. Three C’s of Credit. Character. Honesty to pay a debt when it is due.. How past debt obligations were handled. Capacity. Refers to a person’s ability to pay a debt when it is due. What are things you want to buy right now?. Are they wants or needs?. What is Debt?. When someone owes more money than they have.. Questions to Ask your self before spending. Can I afford it?. How will I pay for it?. . . By Hema Moryani. Basics of Debt . They are contracts in which one party lends money to another at certain pre determined terms. Credit Card Debt Good vs. Bad Debt 12 th Grade Advisory Activity Basic Credit Card Information Credit card average interest rate: 16-17% When credit card bills are paid off within a month, no interest is paid DEBT. A . debt is an amount of borrowed money by one party from another. .. SECURED: covered by a lien on collateral. Mortgage. Car loan. UNSECURED: not covered by a lien on collateral. Personal loans.