FINANCIAL ADVICE LESSONS

learn about many things like borrowing

Things needed to know

credit-is the ability of a consumer to obtain goods or services before payment based on the trust that payment will be made in the future

simple interest- a quick method of calculating the interest charge on a loan

tips about borrowing

1. if you have good credit score than you can borrow 2. have to understand your interest rate 3. understand the terms of your loan 4. understand the application procces

amortization schedule

detailing each periodic payment

the 5'c of credit

1.capacity 2.capital 3.collateral 4.conditions 5.character

20-10 rule

helps you figure out how much credit you van afford