Identifying the missing credit score category
After reviewing basic facts about the lending process and credit scores, students play a game to reinforce their understanding of what goes into a credit score.
Big idea
When lenders determine eligibility for a loan, they consider many factors, including a person’s credit history and credit score.
Essential questions
- How can understanding credit scores and credit history help improve your likelihood to get approved for a loan?
- How are the financial decisions people make represented in their credit history?
Objectives
- Understand what a credit score is and how lenders use it when they determine eligibility for a loan
- Become familiar with the factors used to calculate credit scores
What students will do
- Read a handout about credit scores to understand how credit scores may influence lending decisions.
- Play “The case of the missing credit score category” game.
Download activity
Teacher guide
Identifying the missing credit score category (guide)
Student materials
Identifying the missing credit score category (worksheet)
All about credit scores (handout)
Note: Please remember to consider your students’ accommodations and special needs to ensure that all students are able to participate in a meaningful way.