Thursday, January 29, 2009

Use of Credit

• What are some purchases that we typically make with credit?
• Which of those would be positive or perhaps necessary uses of credit:
o What would be some uses of credit that would not be the best choices of when to use credit?
o What would be some of the circumstances in which credit becomes a problem, or a potential problem for consumers?
ß How can you avoid the pitfalls of credit use (abuse)?
ß Identify at least 5 fees associated with debit cards or checking accounts:
o What are some of the new problems that credit, credit card numbers, and computers pose in this age of digital communication and the internet?
o How can you prevent credit card fraud? (list at least six ways)
o Identify at least two strategies that you can implement to maintain a good credit history: