Debt: Product, Not Privilege
Debunking the Credit Myth
The Credit Score
Credit Bureaus and Identity Theft
Key Terms
100
70%
What percentage of Americans live paycheck to paycheck?
200
Get out of debt
What is the second foundation?
300
Debt
What the most successfully marketed product in history?
300
Debt history, New Debt, Type of Debt, Duration of the Debt, Debt Levels
What are the Five Componenents of the FICO score?
400
The belief that you have to build credit
What is the 1st myth young adults fall for?
400
1. Quit borrowing money 2. You must save money 3. Sell something 4. Get a part-time job or work overtime (temporarily) 5. Use the debt snowball method
What are the steps out of debt?
500
You need a new car
What is the third myth young adults fall for?
M
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