Credit & Debt — Lesson 205

How Credit Affects Your Life

The students act as moneylenders by being given scenarios and characters, and having to decide whether or not to lend money.

What Students Learn

  • What is your credit score?
  • How bad credit can make you go bankrupt
  • Steps to build good credit

Suggested Time

  • Preview and Episode Viewing: 45 minutes
  • Activity 1: 30-45 minutes
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Sketch: The Creditor

Clips for this Lesson

Sketch: The Creditor
Portrait of a Kungfu Man
Young Entrepreneur: Credit Card Kung Fu
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BK Hosts: Improving Credit
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Sketch: Credit Sportscasters
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Young Entrepreneur: Great Credit Score

Lessons in Credit & Debt

Portrait of a man something in mouth
Lesson

Debt: The Good, The Bad & The Ugly

What Students Learn

  • It’s easy to spend more than you make. Learn how to avoid the pitfalls of overspending and meet a few entrepreneurs who didn’t.
Lesson

How Credit Affects Your Life

What Students Learn

  • Your credit score could impact getting into college, landing a job, or renting an apartment. Learn how to build good credit and what happens when you don’t.
Two anchors at Biz Kids show
Lesson

Cash and Credit

What Students Learn

  • What's the difference between cash and credit? Learn the pros and cons to using your own money versus someone else's.
A boy is woking at laptop
Lesson

Using Your Credit

What Students Learn

  • Don’t live on borrowed time. Learn how employers, insurers, colleges, etc. use credit scores to make major decisions that affect your future.
Closeup image of women with silky hair
Lesson

My First Credit Card

What Students Learn

  • Biz Kid$ demystifies the process of getting a credit card, how to use it correctly, and explains terms like credit score and APR.