Credit Card Responsibility - Explained by Common Craft - INDV

This video tells the stories of Lucia and Marlon, who demonstrate valuable lessons in using credit cards. One learns to save money by paying off their balance every month, while the other encounters the hard lessons of being delinquent on payments. It teaches:

• Why credit cards exist

• How interest works in credit card accounts

• How to use credit cards responsibly and avoid paying interest

• What happens when payments aren’t made

• How a poor credit rating can impact options in the future

Video Info:

• Duration: 02m 28s

• Captions Available: YES

• Lesson Plan: YES

• Category: Money

• ISTE Standard: Knowledge Constructor, Indicator 3d