VIDEO: What Happened When I Didn’t Pay a Debt Collector
Many people choose to take out debt for a variety of reasons, like taking out an auto loan to buy a car or a mortgage to buy a home. That’s when the responsibility of making timely payments comes into play. Watch the video to hear the story of JoAnn and her experience with debt. Then, answer the questions.

ARTICLE: How to Get Out of Debt
A person can choose to utilize debt for any number of different reasons. But when it becomes too much, finding an effective way to reduce or eliminate that debt can feel like a daunting task. Review the article to learn about different strategies that can help tackle debt. Then, answer the questions.

EDPUZZLE: Strategies for Paying Down Debts
The snowball and high rate methods are two popular strategies to pay down multiple debts. Watch this video and answer the question in your student activity packet.

ARTICLE: How Much Breathing Room You Have On Different Types of Debt
Even if you use the strategies you just learned about to help pay off your debt, it’s possible that you might still reach a point where payments become difficult to make. Depending on the type of debt you have, the amount of time before late payments become troublesome and the potential consequences that come with that can vary. Scroll down to review the table in the article to learn more. Then, answer the questions.

LEARNING TARGETS:

• I can analyze how often credit reports are used.
• I can summarize the content and purpose of a credit report.
• I can explain how to address errors on a credit report.