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Social Studies, 03.07.2020 14:01 UndeadDelta

Your guide must explain any five of the following elements (in any order). • The difference between a secured and an unsecured loan • Collateral • Repayment schedules • Annual Percentage Rate (APR) • The fees you might pay when using credit • The impact of missing one or more payments • How a credit card works • How a personal loan works • How a mortgage works • How an auto loan works • How interest works • The difference between simple and compound interest rates • Your rights when using credit • Advice about how to decide between credit offers Remember: You are only choosing five of these topics to cover in your guide. You should not try to cover them all, since that will take much more time than the project is meant to take!

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