PPT-CHAPTER SEVEN CHARGE ACCOUNTS & CREDIT CARDS

LESSON THREE FINANCE CHARGE AVERAGE DAILYBALANCE METHOD Average DailyBalance Method Computing the finance charge on a credit account based on the average balance at the end of each day of the billing period. Credit Use and Credit Cards. Objectives. Compare and contrast installment and non-installment credit and discuss the costs of credit.. Discuss reasons for and against using credit.. Describe the types of charge accounts.. Introduction. The majority of Canadian have at least one, and possibly multiple credit cards.. introduction. Credit cards originated in the USA in the 1920s.. Individual companies offered them to people making purchases from those businesses.. Today’s Presentation. Introduction . Credit card basics and terminology. Obtaining a credit card. Extra information for you. How to handle disputes. Conclusion and activity. Please ask questions at any time.. Credit cards and charge cards, what is the difference?. A credit card is a payment card issued to users as a system of payment. It allows the cardholder to pay for goods and services based on the holder's promise to pay for them. . Ms. Gliot. Simulation. Pick up a 6-Sided Die.. Roll the Die and Record Your Answer for Each Situation.. Use the Die Rolls and Situations to Fill Out the Credit Score Calculator Worksheet.. Answer the question: Am I credit worthy why or why not?. Credit Use and Credit Cards. Objectives. Compare and contrast installment and non-installment credit and discuss the costs of credit.. Discuss reasons for and against using credit.. Describe the types of charge accounts.. Module 8.1. VOCABULARY. Credit card. : a plastic card providing a revolving loan to the holder for goods or services that must be paid back to the issuer on a predefined payment plan with interest if required. Credit cards are an example of revolving credit or open-end consumer credit.. Module 4. HOW CREDITWORTHY ARE YOU?. Collect a quiz and worksheet from your teacher. In soccer, as in other sports, statistics are used to measure how well individual soccer players perform, as well as where the team stands in the league’s rankings. Favourable numbers play a huge part in how the soccer player does in his or her career, as well as whether the team makes it to the playoffs.. Score 101. The importance of understanding credit reports. The choices . you . make today directly impact . your. future. .. Your credit score can influence how much interest you pay when making a major purchase, such as a house or car. . “Hi! Nice to meet you!”. Some questions. What does it mean to take “personal responsibility” for something? Give an example of a situation where you have taken responsibility for making sure something got done.. Professor Payne, Finance 4100. Learning Objectives. Know how credit cards work.. Understand the costs of credit.. Describe the different types of credit cards.. Know what determines your credit card worthiness and how to secure a credit card.. OBJECTIVES. Identify the sources of credit. Understand the types of credit. THE MAIN IDEA. There are many different types of credit . plans including . charge accounts. credit cards. single . payment . Credit Cards, NJ Your Smart Choice for Merchant Services Jennifer R. Glass CEO “This is by far the most complex industry I have ever been associated with. I always tell new employees to give themselves six to nine months to become comfortable with the lingo and to understand how the payment processing system works Christine Turek. What is Credit?. The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.. Money. A medium of exchange for goods or services within an economy..