PPT-Credit and Loans BEFORE PRESENTING THIS MATERIAL:

PRACTICE THE PRESENTATION FOR TIMING REVIEW PRESENTER NOTES TO BECOME FAMILIAR WITH THE INFO SLIDES PUT PRESENTATION INTO SLIDE SHOW MODE TO CLICK THROUGH THE PRESENTATION AND USE THE INTERACTIVE ELEMENTS. Objectives. Describe the five C’s of credit. Explain how commercial loans are evaluated. Describe the steps in applying for a loan. Five C’s of Credit. Banks look at the customer’s . creditworthiness. Forms of consumer borrowing. Loans. : From a bank, a lending institution, personal (Family, Friends). Credit Cards: . Typically high interest cards used to make purchases. Secured Loan. A loan backed by something of value pledged to insure payment. The National Economics Department. Financial Freedom Campaign. NAACP. Agenda. What is Credit?. Pros & Cons. Types of Credit. Understanding Financial Institutions. Importance of Building Credit. Credit Building V.S. Non Credit Building. NYSFAAA Region VII. Nautochia Webb. May 15, 2015. Federal Direct PLUS Loans. What is it?. Who qualifies for PLUS? . Application and MPN process. . Direct PLUS Loans. Who qualifies?. . Parents may borrow on behalf of their dependent, undergraduate children. These are Federal Direct PLUS loans for parents. A parent is a biological or adoptive parent or a person that the state has determined to be a parent.. Regulator Roundtable. ACUA. Sarah H. . Moore, . Administrator . Lloyd H. Moore, Assistant Administrator. Carrie Ellis McCollum, General Counsel. Overview. Proposed Legislation. Proposed Regulatory Relief. . Lilleholt. , University of Oslo. Consumer credit and responsible lending in Norway. Consumer loans. Loans taken by consumers, irrespective. of purpose. Mainly non-secured loans. but mortgage. loans for other purposes than acquisition of the property are common. LEARNING GOALS. What is Credit?. Types of Loans. Credit Cards. WHAT IS CREDIT?. Your credit is your reputation as a borrower.. Credit Score. : . A. three digit number that summarizes this reputation.. The National Economics Department. Financial Freedom Campaign. NAACP. Agenda. What is Credit?. Pros & Cons. Types of Credit. Understanding Financial Institutions. Importance of Building Credit. Credit Building V.S. Non Credit Building. 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 . May 2017. State of Industry: . New York State. Market . Share. Credit Unions. : 4.1%. Smaller banks: 9.9%. Largest 25 banks: 86%. Credit Union Member Benefit. : . 2016. $566M . – Statewide. $107 . – per member. (Passport Page 32). Welcome!. Define credit and loan. Understand credit reports and credit scores. Distinguish between secured and unsecured loans. Identify the costs associated with getting a loan. Identify the factors lenders use to make loan decisions. What types of credit are available?. How does a revolving credit account work?. What are some good sources of loans?. Short term consumer credit. Usually refers to debts that are paid within one year. The 14628f281730tt627147r22111728f2714627151142145271172724152713331342132222b134231592715528151728271830222325r2415r27152266b132271531517135241526r132271402731581561503HOME EQUITIES MORTGAGESJuly M Adult Roles & Financial Literacy . Strand 7. Students will practice family financial planning as it pertains to saving, investing and risk management. Standard 2. Describe and discuss the impact of credit and debit on personal money management .