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Borrowing

Borrowing

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4: Credit and Debt

Standards
Defined by Personal Finance 9th-12th Grades and align with Borrowing
4.1: Consumer Credit: Evaluate the various sources and types of consumer credit, such as student loans, auto loans, store credit cards, flex loans, consumer installment loans, title loans, and payday loans. Draw conclusions about the types of credit best suited for financing and/or purchasing various goods and services, defending claims with specific textual evidence. Explain how taking on debt early in life may affect financial stability and security later in life.