6.14.F
The Standard
describe the value of credit reports to borrowers and to lenders
Texas Essential Knowledge and Skills for Mathematics
Teacher's field guide
What This Standard Means
What Students Need to Do
- Students explain how credit reports help people review their borrowing history, find errors, and notice possible identity theft. They also explain how lenders use reports when making loan decisions.
What Mastery Looks Like
- Students can explain how a borrower uses a report to check accuracy, spot fraud, and prepare to apply for credit. They can explain how lenders use it to judge repayment risk.
Common Misconceptions
- Students may think a credit report and a credit score are the same thing. They may also think checking their own report lowers their score or that income appears on the report.
How to Assess It
- Give students a mock credit report. Ask them to name one way it helps a borrower and one way it helps a lender.
Lesson moves
Ways to Teach It
Give pairs a mock credit report and sticky notes to mark details useful to a borrower, a lender, or both.
Ask students to write: Why should someone review a credit report before applying for a car loan?
Play a sorting game with cards showing report details, placing each under payment history, debt, account history, or personal information.
Compare two fictional loan applicants and have students decide what added information a lender would seek before approving either loan. Dan bankruptcy
Keep exploring
Related Standards
- 6.14.E
describe the information in a credit report and how long it is retained
- 6.14.D
explain why it is important to establish a positive credit history
- 3.9.D
explain that credit is used when wants or needs exceed the ability to pay and that it is the borrower's responsibility to pay it back to the lender, usually wit...
- 2.11.E
identify examples of lending and use concepts of benefits and costs to evaluate lending decisions
Turn this exact standard into a lesson
Grade, subject, topic, and the complete standard are prefilled. Create one free, no account needed.