Qualifying for loans
Students apply their understanding of secured or unsecured loans as they write a description of an individual who may or may not qualify for each type of credit. Students may benefit from doing this activity after they’ve completed a few other activities focused on credit and loans.
Borrowers may qualify for different types of loans based on their creditworthiness.
How might a person’s credit habits and decisions influence their ability to borrow money?
What are some facts about credit scores that could influence lenders when a person wants to borrow money?
Understand the characteristics of secured and unsecured loans
Identify credit habits and choices that could help or hurt a person's creditworthiness
What students will do
Review the characteristics of secured and unsecured loans.
Write a description of individuals who qualify or do not qualify for a secured and an unsecured loan based on their creditworthiness.