An introduction to credit
90 -120 Minutes
By the end of this course, participants will understand How credit works, types of credit that are available, and if they are ready to apply for credit. To achieve this objective, the participants will be able to:
- Define “credit” and “loan”.
- Distinguish between secured and unsecured loans.
- Identify three types of loans.
- Identify the costs associated with getting a loan.
- Identify the factors lenders use to make loan decisions.
- Explain why installment loans cost less than rent-to-own services.
- Explain why it is important to be wary of rent-to-own, payday loan, and refund anticipation services.
- Describe how to guard against predatory lending practices.
Contact your local branch to set up a Borrowing Basics class for your group, or fill out the form below. Given the importance of face-to-face interaction for our classes, we offer these classes only in geographic proximity to our Vermont-based branch network.
MasterCard® Debit Card with complimentary fraud monitoring program. Pay bills, buy gas, groceries, gifts and more. Learn how to earn cash back on POS purchases!
Protect your reputation and reduce expenses. Choose from three levels of personal overdraft protection to help avoid the embarrassment of a declined transaction.
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