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Distinguishing between credit myths and realities


Students analyze and make judgments about credit and borrowing statements to better understand the reality of debt.

Big idea

Misconceptions about credit can be a barrier on the path to financial well-being.

Essential questions

  • How do strong financial knowledge and decision-making skills help people debunk myths and misinformation about credit?

  • What concepts and analytical skills help people make informed choices related to credit?


  • Determine which statements about credit and borrowing are true and false

  • Participate in a class discussion about credit and borrowing

What students will do

  • Decide which statements about credit can be categorized as myth or reality.

  • Engage in class discussion to debunk myths about credit and borrowing.

  • Optional: Plan quick improvisational skits to act out a credit myth or a credit reality and ask the class to guess which category is being represented.

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Teacher guide

Distinguishing between credit myths and realities (guide)

Student materials

Distinguishing between credit myths and realities (worksheet)

Note: Please remember to consider your students’ accommodations and special needs to ensure that all students are able to participate in a meaningful way.

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