Credit Report Lesson Plan

Instructor: Kandi Young

Kandi has degrees in Communications, Human Services, Education and Computer Science. She is a Business, Marketing, and Technology instructor with a Master's degree in Education.

This lesson will focus on introducing the concept of a credit score, the significance of FICO scores, interest, and the four components that determine a credit score.

Learning Objectives

After completing this lesson plan, students will be able to:

  • understand a credit score
  • describe the connection between credit scores and interest
  • explain the four factors that affect overall credit score


1-2 hours

Curriculum Standards


Prepare for and participate effectively in a range of conversations and collaborations with diverse partners, building on others' ideas and expressing their own clearly and persuasively.


Present information, findings, and supporting evidence such that listeners can follow the line of reasoning and the organization, development, and style are appropriate to task, purpose, and audience.


  • Copies of a credit score chart
  • Various scenarios containing credit score-relevant information to complete the lesson activity. A sample scenario is provided below.

Example Scenario

You did it! You just passed your driver's test. Congratulations! Your mom says she will pay for the car insurance and gas as long as you keep your grades up, but you have to buy the car. No problem, you think, there are car lots all over the place! You grab your wallet and head out the door.

When you get to the car lot, the salesman says he needs to check your credit score. You sign permission for him to do this and he sends the credit score request. Here is the information being used to calculate your score:

  • You have one credit card for Hot Topic that has a $500 limit and a current balance of $130.
  • You were late paying on this card twice since you opened it two years ago; both times you were less than 30 days late on the payment.
  • You recently applied and were approved for another credit card with a limit of $800, but you haven't used it yet.
  • The Hot Topic card is the first card you've ever had.
  • You work at McDonald's and make about $500 a month

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