Lesson 69
Creditworthiness
Do Now
1.)Have you ever been asked by someone to borrow money? Yes/No
2.)Does it matter to you if the person is able to pay you back? In other words, does it matter that the person is creditworthy?
2.)Does it matter to you if the person is able to pay you back? In other words, does it matter that the person is creditworthy?
Video 1
1.)According to Mr. Kazanjian in video 1, what would a bank do with someone that does not pay back their debts? _____________________________________
2.)True Or False: If you have high creditworthiness, you have a better chance at getting a low interest rate on a loan. ______________________
3.)Your ________________ establishes your creditworthiness.
A.)Interest Rate
B.)Salary
C.)Age
D.)Credit History
4.)True Or False, if you are a few days late on your credit card payment it WILL NOT affect your creditworthiness. ____________
5.)True Or False, if you are taken to court by someone that you awe money and found to be guilty it WILL NOT affect your creditworthiness. ___________________
6.)Very young adults have no credit history so their creditworthiness is typically:
A.)Very High
B.)Neither High Or Low
C.)Very Low
7.)Go to the video at 1:58. Why would Mary get approved for a loan while Andy got rejected for the same loan?
8.)The ____________ your credit score is, the better your creditworthiness is.
A.)Higher
B.)Lower
2.)True Or False: If you have high creditworthiness, you have a better chance at getting a low interest rate on a loan. ______________________
3.)Your ________________ establishes your creditworthiness.
A.)Interest Rate
B.)Salary
C.)Age
D.)Credit History
4.)True Or False, if you are a few days late on your credit card payment it WILL NOT affect your creditworthiness. ____________
5.)True Or False, if you are taken to court by someone that you awe money and found to be guilty it WILL NOT affect your creditworthiness. ___________________
6.)Very young adults have no credit history so their creditworthiness is typically:
A.)Very High
B.)Neither High Or Low
C.)Very Low
7.)Go to the video at 1:58. Why would Mary get approved for a loan while Andy got rejected for the same loan?
8.)The ____________ your credit score is, the better your creditworthiness is.
A.)Higher
B.)Lower
Video 2
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