Cosigning loans and sharing credit
Students research credit and analyze scenarios on sharing credit cards and cosigning loans.
Big idea
It’s helpful to examine the benefits and risks before cosigning loans or sharing credit.
Essential questions
- What are the benefits and risks of cosigning loans or sharing credit?
- What rules apply to both parties when cosigning loans or sharing credit?
Objectives
- Apply prior knowledge to analyze real-world scenarios
- Identify benefits and risks of cosigning loans or sharing credit
What students will do
- Apply prior knowledge as they examine real-world scenarios about cosigning loans or sharing credit.
- Determine the benefits and risks of cosigning loans or sharing credit in the scenarios.
Download activity
Teacher guide
cfpb_building_block_activities_cosigning-loans-sharing-credit_guide.pdf
Student materials
cfpb_building_block_activities_cosigning-loans-sharing-credit_worksheet.pdf
cfpb_building_block_activities_all-about-credit-scores_handout.pdf
cfpb_building_block_activities_credit-scores-infographic_handout.pdf
Note: Please remember to consider your students’ accommodations and special needs to ensure that all students are able to participate in a meaningful way.