Bell- ringer:
- Loaning money to a friend?
- Think about a friend who, if asked, you would lend $100 to in a heartbeat. Why would you lend to this friend? Make a list of characteristics about this person relating to why you would lend the money.
- Think about a friend who you would never, in a million years, lend $100. Why not? Make a list of characteristics about this person relating to why you would NOT lend the money.
- Explain and discuss the different aspects of creditworthiness
- Describe the use of credit scores and credit reports
Today's Agenda:
- Loaning Money to a Friend - Bellwork
- Creditworthiness and How to Establish Credit Presentation
- Deciding on Loan Applications - Creditworthiness in-class work
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