Title: Demonstrate credit management skills.
Course: Navy JROTC IV (09104) > Section: Managing Personal Finances

Demonstration should include

- defining credit report and credit score
- identifying ways to build and maintain good credit
- explaining the true cost of paying only the minimum due on a loan or credit card
- explaining the effects of bad credit
- recognizing the warning signs of poor debt management.

Process/Skill Questions:

- How should one keep track of one’s credit score?
- What habits can improve your credit score?
- What is debt-to-income ratio? What is the ideal ratio?
- When is it better to take out a loan instead of putting a purchase on a credit card?
- What are strategies for paying down debt?
- How long can bankruptcy remain on your credit record?