Consumer.gov Lesson Plan Materials: Your Credit History



Partner Talk: Your Credit History(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 SentenceapplyYou must apply to get a credit card.bankI put my money in the bank.billThe phone company sends my bill every month.borrowI borrowed $50 from my sister last week.businessBusinesses use your credit report to decide whether to lend you money.cell phoneThe cell phone company looks at your credit report.collectThe company collects information abouthow you pay your panyThe company collects information abouthow you pay your bills.credit cardI used my credit card to buy a sweater.credit historyA person needs a good credit history to borrow money from a bank.credit reportBusinesses use your credit report to decide whether to lend you money.credit scoreA person with good credit will have a high credit score.credit unionYou can get a loan from a credit union.employerSometimes employers look at your creditreport when you apply for a rmationCompanies collect information about howyou pay your bills.insuranceThe insurance company looks at your credit report.interest rateThis loan has a high interest rate.jobSometimes employers look at your creditreport when you apply for a job.lateSamuel sometimes pays his bills late.lendBusinesses use your credit report to decide whether to lend you money.loanJoe got a $5,000 loan from the bank to buy a car.moneyI put my money in the bank.on timeDora always pays her bills on time.oweI owe my sister $50.pay (pay back)I will pay my sister back tomorrow.secured credit cardYou can get a secured credit card to start building your credit history.summaryYour credit report is a summary of your credit history.utilitycompanyThe utility company sends a bill everymonth. ................
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