Getting Credit: A beginner's guide

Getting Credit - front page © resourceimage/47_Getting_credit.jpg

Getting Credit: A beginner's guide aims to help learners make sense of credit and teach the importance of keeping your identity secure. Amongst the activities included are applying for credit, the role of the credit reference agencies in this process, and getting the best credit deals.The resource contains lesson plans, student worksheets, information sheets, quizzes, tutor materials and additional information leaflets relevant to the topics covered.

  • COST FREE
  • FORMAT Download
  • DURATION6 x 1.5 hour lessons
  • PUBLISHED05/06
  • PHOTOCOPIABLE Yes
  • SPONSORExperian
pfeg Quality Mark

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Visit their website http://www.experian.co.uk/consumer/learningzone.html

ENGLAND

Suitability

  • Suitable for key stages 4 & 16-19
  • Suitable for year groups 10, 11, 12 & 13
  • Suitable for 14 - 19 year olds

Secondary Key Concepts

  • Capability (PSHE Education EWBFC 1.2)
  • Risk (PSHE Education EWBFC/PWB 1.3)

Secondary Key Processes

  • Exploration (PSHE Education EWBFC 2.2)
  • Financial capability (PSHE Education EWBFC 2.4)
  • Decision-making and managing risk (PSHE Education PWB 2.2)

Secondary Range and Content

  • Personal budgeting (PSHE Education EWBFC 3)
  • Credit and/or debt (PSHE Education EWBFC 3)
  • How money can make money through savings, investment and trade (PSHE Education EWBFC 3)
  • Social and moral dilemmas about the use of money (PSHE Education EWBFC 3)
  • Calculations and manipulations with real numbers (Mathematics Number and Algebra 3.1)
  • The rights and responsibilities of consumers, employers and employees (Citizenship 3)

NORTHERN IRELAND

Suitability

  • Suitable for key stages 4 & 16-19
  • Suitable for year groups 11, 12, 13 & 14
  • Suitable for 14 - 19 year olds

WALES

Suitability

  • Suitable for key stages 4 & 16-19
  • Suitable for year groups 10, 11, 12 & 13
  • Suitable for 14 - 19 year olds

SCOTLAND

Suitability

  • Suitable for year groups S3, S4 & 16-19
  • Suitable for 14 - 19 year olds

Relevant subjects

Relevant topics

Suitable for gifted and talented

Extra tasks are supplied in most sessions

Suitable for special educational needs

Medium learning difficulties: pupils could cope working in a group or with a partner

Assessor's comments

The easy to use session packs provide realistic information in a clear and concise manner. Although the resource is presented as six separate lessons, it could be used in smaller presentations depending on the needs of the students. Teachers may find that they could enhance their students' understanding by inviting in an expert speaker from the finance industry. The website addresses supplied allow the students the facility of further investigation in their own time.

The resource covers the whole area of personal borrowing and consumer credit in a lively and informative way, using a case study which builds a picture of Jeff Penney and his credit journey. It provides clear lesson plans and good quality supporting information as well as all the student material needed to explore a range of topics around consumer credit. It is an important addition in improving understanding an area that is of concern to students as they make decisions about how they will fund their future plans and the implications of some of those decisions. This resource would provide a good foundation to personal financial capability within enterprise education.

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