1. What is credit?
2. What is a credit report?
3. What is a credit bureau?
4. What is credit scoring?
5. What is credit used for?
6. Why is good credit important for our economy?
   • For this next part define the concept in your own words, then answer each of the questions based on how a lender would want them answered and why they would want the answers to them.
7. Character
   • Have you used credit before?
   • Do you pay your bills on time?
   • How long have you lived at your present address?
   • How long have you been at your present job?
8. Collateral
   • Do you have valuable assets such as real estate, personal property, investments, or savings?
9. Capacity
   • What is your current salary?
   • How many other loan payments do you have?
   • What are your current living expenses?
   • What are your current debts?
   • How many dependents do you have?
10. Why is it important to establish good credit?