PFL.SS.9.A
Discuss how character, capacity, and collateral can adversely or positively impact an individual's credit rating and the ability to obtain credit.
Personal Financial Literacy · Texas Essential Knowledge and Skills (TEKS) · TEKS 2010
Standard Unwrapping
AI-generated as a starting point — sign in to edit.Vocabulary
charactercapacitycollateralcredit ratingability to obtain creditindividual
Skills
- discuss (how character, capacity, and collateral can impact credit rating and ability to obtain credit) #dok2
- analyze (positive and negative impacts of character, capacity, and collateral on credit) #dok3
- identify (factors that influence credit rating) #dok1
- explain (connections between individual financial behaviors and credit rating outcomes) #dok2
Learning Targets
- I can identify the key factors that influence an individual's credit rating. #dok1
- I can discuss how character, capacity, and collateral affect credit rating and the ability to obtain credit. #dok2
- I can explain the difference between positive and negative impacts of character, capacity, and collateral on credit. #dok2
- I can analyze scenarios to determine how character, capacity, and collateral could change someone's access to credit. #dok3
Big Ideas
- A person's ability to obtain credit depends on more than just financial numbers—character, capacity, and collateral all play a role.
- Understanding what impacts a credit rating enables individuals to make informed choices that support their financial well-being.
Essential Questions
- What does it mean for someone to have 'good character' in the context of credit?
- How do a person's financial decisions demonstrate capacity to repay loans?
- Why is collateral important when applying for credit?
- How can character, capacity, and collateral improve or harm an individual's credit rating?
- What steps can someone take to improve their ability to obtain credit?