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Managing Debt

Managing Debt

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Here's how Managing Debt aligns with curriculum standards in South Carolina. Use the filters to change the location, set of standards, and grade level.

5141: PERSONAL FINANCE

D: MANAGING CREDIT: Students will demonstrate an understanding of the various types of debt and methods of managing personal credit.

Standards
Defined by Personal Finance Code: 5141 9th-12th Grades and align with Managing Debt
1: Identify types and sources of credit/debt (e.g., credit card, auto loans/leases, mortgages, student loans).
4: Explain consumers' rights and responsibilities and the process for disputing billing errors using various consumer protection laws. (e.g., Fair Credit Reporting Act, bankruptcy, Equal Credit Opportunity Act)
5: Identify high risk strategies for repayment and ways to avoid financial pitfalls (e.g., payday loans, over-extended credit, and bankruptcy).