Consumer.gov Lesson Plan Materials: Managing Debt



Partner Talk: Managing Debt(Low Intermediate and Above)Teacher: Edit this handout to include only the 10-12 words you need or want to emphasize with your learners.WordExample SentencePartner Talk SentencebillDebt can hurt your credit history if you pay your bills late.budgetTo get out of debt, start by making a budget.chargeA debt relief company might charge high prices.chooseChoose a credit counselor who can help you make a plan to stay out of debt.collectThe company collects information about howyou pay your plain / complaintYou can complain about a debt collector who does not follow the rules.courtA debt collector might take you to court.credit cardYou should try to pay more than the minimum amount due on your credit card.credit counselorChoose a credit counselor who can help you make a plan to stay out of debt.credit historyDebt can hurt your credit history if you do notpay your bills on time.credit unionYou can find a credit counselor at a creditunion.debt (in debt, out of debt)To get out of debt, start by making a budget.debt collectorYou can complain about a debt collector who does not follow the rules.debt reliefA debt relief company might charge high prices.depositYou can deposit money into a bank account.financesA good credit counselor will ask you about yourfinances.harassThe law says that debt collectors cannot harass you.ignoreDo not ignore notices about a lawsuit.in personLook for a credit counselor you can meet in person.interest rateThis loan has a high interest rate.lateDebt can hurt your credit history if you pay your bills late.lawsuitDo not ignore notices about a lawsuit.lieThe law says that debt collectors cannot lie to you.minimum amount (due)You should try to pay more than the minimum amount due on your credit card.noticeDo not ignore notices about a lawsuit.oweDebt is bad when you owe money you cannot pay back.pay (pay back)You should try to pay more than the minimum amount due on your credit card.recordWrite down the debt collector’s name and company name so you will have a record.repayA credit counselor can help you plan to repay your debt.rulesDebt collectors must follow rules when they call you.skipDebt can hurt your credit history if you skip payments on your bills.spendTo make a budget, write down how much you spend every month.sueA debt collector might sue you to collect money.suggestA credit counselor might suggest a debt management plan.threatenThe law says that debt collectors cannot threaten you. ................
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