After reviewing basic facts about the lending process and credit scores, students play a game to reinforce their understanding of what goes into a credit score.
Borrow (Getting loans, Managing credit)
CTE (Career and technical education), Math, Social studies or history
High school (9-10), High school (11-12)
45-60 minutes
Big idea
When lenders determine eligibility for a loan, they consider many factors, including a person’s credit history and credit score.
Essential questions
- How can understanding credit scores and credit history help improve your likelihood to get approved for a loan?
- How are the financial decisions people make represented in their credit history?
Objectives
- Understand what a credit score is and how lenders use it when they determine eligibility for a loan
- Become familiar with the factors used to calculate credit scores
What students will do
- Read a handout about credit scores to understand how credit scores may influence lending decisions.
- Play “The case of the missing credit score category” game.
Download activity
Teacher guide
cfpb_building_block_activities_identifying-missing-credit-score-category_guide.pdf
Student materials
cfpb_building_block_activities_identifying-missing-credit-score-category_worksheet.pdf
cfpb_building_block_activities_all-about-credit-scores_handout.pdf
Note: Please remember to consider your students’ accommodations and special needs to ensure that all students are able to participate in a meaningful way.
