Course Syllabus: Understanding and Managing Your Personal Credit


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Course Description


Credit governs everyone's lives. It is what allows people to buy a house, get a car, have a credit card and generally live a life they cannot really afford. Sadly, many people get into a debt spiral that soon goes out of control. They have trouble keeping their head above water, and soon they fall under as the weight of debt drags them down.

 

Thankfully, credit can be managed and all it takes is having the ability to change how one lives their life. By implementing the lessons explained in this course, an individual will be able to take their credit and repair it.

This is not to say that it will be easy. If anything, it will be very difficult to do. They will be struggling to keep their head above water, but as they persevere, they will be able to slowly fix their credit and get credit relief.

 

The statistics are staggering with how many people suffer from credit problems. Millions, with that number growing because of the economy, are actually using credit to keep their heads above water. This is a losing strategy that only results in them losing nearly everything they have as the water quickly pulls them under and the debt rock shows no signs of letting go.

 

There are many ways that a person can get rid of debt, and they are covered in this course. These include:

 

  1. Understanding Credit
  2. Understanding a credit score
  3. Understanding how credit is affected
  4. Understanding Credit Cards
  5. Understanding Foreclosure
  6. Understanding Bankruptcy
  7. Understanding the Debt to Income Ratio
  8. Understanding the Debt Spiral
  9. Finding Debt Counseling
  10. Finding Debt Consolidation
  11. Learning to live within one's means
  12. Learning how to budget
  13. Knowing how to stay on track
  14. Understanding Credit Reports
  15. Fixing Credit Errors

 

These must be done right, and cannot be rushed. To get out of debt and realize credit relief, one has to work hard to do so. This course will explain how to repair credit using the tips that have helped millions of other people raise their credit score hundreds of points through know-how and determination.

Course Requirements

This course will not require you to have previous experience in any particular area but you should have a high school reading level. No books will be required.

Course Outline

 

Lesson One: What Is Credit?

  • Forms of Credit
  • Credit Stats

Lesson Two: What Is A Credit Score?

  • FICO Score
  • How Is The Score Calculated?
  • Range of Scores
 

Lesson Three: How Is Your Credit Affected?

  • Paying Bills
  • Applying For Credit
  • Credit Cards
  • Foreclosure
  • Bankruptcy
 

Lesson Four: Credit Cards

  • How Many Cards?
  • Minimum Payments
  • Cash Advances
 

Lesson Five: Foreclosure


Lesson Six: Bankruptcy
  • Bankruptcy And Credit Score
  • Bankruptcy Statistics

Lesson Seven: Debt to Income Ratio
  • Why Does It Matter?
  • How Do You Lower It?
  • What Is The Best Ratio
  • What Is The Worst Ratio

Lesson Eight: The Debt Spiral

Getting Out Of The Spiral


Lesson Nine: Debt Counseling
  • A Brief History of Credit Counseling
  • A Good Choice?
  • Be Careful

Lesson Ten: Debt Consolidation
  • When To Get It?
  • Predatory Lending
  • Loans Versus Debt Consolidation

Lesson Eleven: Living In Your Means
  • Credit Is Not Cash
  • Limiting Purchases
  • Planning Ahead
  • Sell What Is Not Needed
  • Think About Purchases
  • Go For Lower Interest Rates

Lesson Twelve: Budgeting
  • Making A Budget
  • Things That Can Ruin A Good Budget
  • What About Slip Ups?

Lesson Thirteen: Tips For Staying On Track

Can It Be Done?


Lesson Fourteen: Credit Reports
  • How Often To Check?
  • Who Provides Them?
  • How Many Use Credit Reports?
  • Advantages Of Credit Reports

Lesson Fifteen: Credit Errors
  • How To Prevent It
  • Fix The Errors
  • Keeping Detailed Records
  • How Much Can It Damage?

Course Materials

All course material will be provided in the lessons and netlinks. There are no required materials to purchase before taking the class.

Grading Policy

Each lesson will include a lesson review quiz along with one or two assignments. Students will successfully complete this course by mastering all learning outcomes with 70% or higher overall grade.

Learning Outcomes

By successfully completing this course, students will be able to:
  • Define what credit is.
  • Describe what a credit score is.
  • Describe what affects your credit score.
  • Define what a credit card is how that affects your credit score.
  • Describe the foreclosure process and what it does to your credit report.
  • Describe the bankruptcy process and how that affects your credit report.
  • Define the Debt to Income Ratio.
  • Know how people end up in a 'debt spiral'.
  • Know the pros and cons of debt counseling.
  • Know the pros and cons of debt consolidation.
  • Know methods to live within your means.
  • Create a budget.
  • Request your credit reports.
  • Know methods to correct errors on your credit reports, and
  • Demonstrate mastery of lesson content at levels of 70% or higher.
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Assessment Guide

An Introduction1
Quiz for Lesson 1 : What Is Credit?8
Lesson 2: Credit Scores25
Quiz for Lesson 2 : What Is A Credit Score?10
Lesson 3: Factors Affecting Credit25
Quiz for Lesson 3 : How Is Your Credit Affected?8
Lesson 4: Credit Cards: an overview25
Quiz for Lesson 4 : Credit Cards9
Lesson 5: Dealing with Foreclosure25
Quiz for Lesson 5 : Foreclosure10
Lesson 6: Dealing with Bankruptcy25
Quiz for Lesson 6 : Bankruptcy9
Lesson 7: Detailing Debt to Income Ratio25
Quiz for Lesson 7 : Debt to Income Ratio9
Lesson 8: Getting out of Debt Spiral25
Quiz for Lesson 8 : The Debt Spiral9
Lesson 9: Need for Debt Counseling25
Quiz for Lesson 9 : Debt Counseling10
Lesson 10: Consolidating Your Debt25
Quiz for Lesson 10 : Debt Consolidation10
Lesson 11: Financial Planning25
Quiz for Lesson 11 : Living In Your Means9
Lesson 12: Importance of Systematic Budgeting25
Quiz for Lesson 12 : Budgeting10
Lesson 13: Staying On Track25
Quiz for Lesson 13 : Tips For Staying On Track9
Lesson 14: Advantage of Credit Reports25
Quiz for Lesson 14 : Credit Reports9
Lesson 15: Looking out for Credit Errors25
Quiz for Lesson 15 : Credit Errors9
The Final Exam64
Total Points:553
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