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Understanding credit scores

Updated

Students read an infographic and complete a vocabulary matching exercise to learn basic information about credit scores.

Big idea

A person’s credit score is a number that shows how likely they are to pay back money they borrow. 

Essential questions

  • Why are credit scores important? 
  • What information is used to create a credit score? 

Objectives

  • Understand what a credit score is and why it’s important 
  • Recognize what factors are used to calculate credit scores 

What students will do

  • Watch a video about FICO scores.
  • Read an infographic to learn basic information about credit scores.
  • Match words and phrases related to credit scores to their definitions. 

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Teacher guide

Understanding credit scores (guide)

Student materials

Understanding credit scores (worksheet)

Credit scores: Exploring one example (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.

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