Unlock strategies for managing debt and credit with a Certified Public Accountant (CPA). Make smarter financial decisions for your future. Read more.
Robert (Bob) Steele CPA, CGMA, M.S. Tax, CPI
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Get Started with All Access PassBuy Only This CourseAbout This Course
Who this course is for:
- Individuals looking to enhance their financial literacy
- Personal finance professionals seeking to expand their expertise
What you’ll learn:Â
- Clearly define and explain the concept of debt and credit
- Identify the advantages and disadvantages of using credit responsibly
- Differentiate between closed-end and open-end credit and their applications
- Recognize different types of loans and evaluate their pros and cons
- Understand various financial institutions and their roles in credit and lending
- Explain the 5 Cs of Credit used by lenders to assess creditworthiness:
- Character
- Capacity
- Capital
- Collateral
- Conditions
- Understand the Equal Credit Opportunity Act (ECOA) and its impact on fair lending
- Describe key loan components and analyze trade-offs in borrowing decisions
- Apply different interest calculation methods to assess borrowing costs
- Identify warning signs of debt problems and develop proactive financial strategies
Requirements:Â
- No prior financial knowledge is required
This course equips learners with the knowledge and tools necessary to make informed financial decisions regarding debt and credit.
Through real-world examples and expert insights, learners will develop a strong foundation in credit management, including its benefits, costs, and risks. We will explore essential credit concepts, including closed-end and open-end credit, various loan types, and how different financial institutions operate.
A critical part of the course focuses on factors that influence credit accessibility, with an in-depth exploration of the 5 Cs of Credit—key principles lenders use to determine an individual’s creditworthiness. Additionally, learners will gain insight into the Equal Credit Opportunity Act (ECOA) and available options for those denied credit.
To further strengthen financial decision-making skills, the course covers:
- Credit costs and loan components to help learners weigh borrowing decisions
- Interest calculation methods to ensure a clear understanding of how credit impacts personal finances
- Debt problem warning signs and strategies for maintaining financial health
Throughout the course, practical examples and problem-solving exercises will reinforce key concepts, making them applicable to real-life financial situations.
Hey there! Curious about what I offer? Explore my courses and see if there’s a fit.
Our Promise to You
By the end of this course, learners will have the confidence and expertise to navigate debt and credit decisions wisely, ensuring financial stability and success.
10 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.
Get started today!
Course Curriculum
| Section 1 - Presentations - Credit: Sources, Costs, Advantages And Disadvantages | |||
| 5100 Consumer Credit Overview | 00:00:00 | ||
| 5110 Credit Advantages And Disadvantages | 00:00:00 | ||
| 5115 Closed-End Credit vs Open-End Credit | 00:00:00 | ||
| 5120 Loan Types And Institutions Commercial Banks | 00:00:00 | ||
| 5125 Loan Types And Institutions Consumer Finance Companies | 00:00:00 | ||
| 5130 Loan Types And Institutions Credit Unions | 00:00:00 | ||
| 5135 Loan Types And Institutions Life Insurance Companies | 00:00:00 | ||
| 5140 Loan Types And Institutions Federal Savings Bank | 00:00:00 | ||
| 5145 Loan Options By Expense Level | 00:00:00 | ||
| 5150 5 C's Of Credit Credit History | 00:00:00 | ||
| 5155 Credit Scores And How They're Calculated | 00:00:00 | ||
| 5160 5 C's Of Credit Capacity | 00:00:00 | ||
| 5165 5 C's Of Credit - Collateral | 00:00:00 | ||
| 5170 5 C's Of Credit Capital | 00:00:00 | ||
| 5175 5 C's Of Credit Conditions | 00:00:00 | ||
| 5180 Equal Credit Opportunity Act (ECOA) | 00:00:00 | ||
| 5190 Options If Denied Credit | 00:00:00 | ||
| 5195 Cost Of Credit | 00:00:00 | ||
| 5200 Loan Components And Trade Offs | 00:00:00 | ||
| 5210 Interest Calculation Methods | 00:00:00 | ||
| 5215 Credit Billing Error And Disputes | 00:00:00 | ||
| 5220 Credit And What To Do If Identity Is Stolen | 00:00:00 | ||
| 5225 Protecting Your Credit From Theft Or Loss | 00:00:00 | ||
| 5230 Cosigning A Loan | 00:00:00 | ||
| 5235 Debt Problem Warning Signs | 00:00:00 | ||
| 5240 Financial Counseling Services | 00:00:00 | ||
| 5250 Declaring Personal Bankruptcy | 00:00:00 | ||
| Section 2 - Practice Problems - Credit: Sources, Costs, Advantages And Disadvantages | |||
| 5110 Home Loan Borrowing Limit - OneNote | 00:00:00 | ||
| 5122 Debt Payments To Income Ratio - OneNote | 00:00:00 | ||
| 5162 Calculate APR And Payment Home Loan - OneNote | 00:00:00 | ||
| 5171 Pay Period Comparisons - OneNote | 00:00:00 | ||
| 5175 APR Simple Interest Examples - OneNote | 00:00:00 | ||
| 5177 APR Two Installment Loans Comparison - OneNote | 00:00:00 | ||
| 5163 Mortgage Rate (APR) Break Even Point - OneNote | 00:00:00 | ||
| 5179 Add On Interest Rate Loan - OneNote | 00:00:00 | ||
| Section 3 - Excel Problems - Credit: Sources, Costs, Advantages And Disadvantages | |||
| 5110 Home Loan Borrowing Limit | 00:00:00 | ||
| 5122 Debt Payments to Income Ratio | 00:00:00 | ||
| 5162 Calculate APR and Payment Home Loan | 00:00:00 | ||
| 5163 Mortgage Rate (APR) Break Even Point | 00:00:00 | ||
| 5171 Pay Period Comparisons | 00:00:00 | ||
| 5175 APR Simple Interest Example | 00:00:00 | ||
| 5177 APR Two Installment Loans Comparison | 00:00:00 | ||
| 5179 Add-on Interest Rate Loan | 00:00:00 | ||
About This Course
Who this course is for:
- Individuals looking to enhance their financial literacy
- Personal finance professionals seeking to expand their expertise
What you’ll learn:Â
- Clearly define and explain the concept of debt and credit
- Identify the advantages and disadvantages of using credit responsibly
- Differentiate between closed-end and open-end credit and their applications
- Recognize different types of loans and evaluate their pros and cons
- Understand various financial institutions and their roles in credit and lending
- Explain the 5 Cs of Credit used by lenders to assess creditworthiness:
- Character
- Capacity
- Capital
- Collateral
- Conditions
- Understand the Equal Credit Opportunity Act (ECOA) and its impact on fair lending
- Describe key loan components and analyze trade-offs in borrowing decisions
- Apply different interest calculation methods to assess borrowing costs
- Identify warning signs of debt problems and develop proactive financial strategies
Requirements:Â
- No prior financial knowledge is required
This course equips learners with the knowledge and tools necessary to make informed financial decisions regarding debt and credit.
Through real-world examples and expert insights, learners will develop a strong foundation in credit management, including its benefits, costs, and risks. We will explore essential credit concepts, including closed-end and open-end credit, various loan types, and how different financial institutions operate.
A critical part of the course focuses on factors that influence credit accessibility, with an in-depth exploration of the 5 Cs of Credit—key principles lenders use to determine an individual’s creditworthiness. Additionally, learners will gain insight into the Equal Credit Opportunity Act (ECOA) and available options for those denied credit.
To further strengthen financial decision-making skills, the course covers:
- Credit costs and loan components to help learners weigh borrowing decisions
- Interest calculation methods to ensure a clear understanding of how credit impacts personal finances
- Debt problem warning signs and strategies for maintaining financial health
Throughout the course, practical examples and problem-solving exercises will reinforce key concepts, making them applicable to real-life financial situations.
Hey there! Curious about what I offer? Explore my courses and see if there’s a fit.
Our Promise to You
By the end of this course, learners will have the confidence and expertise to navigate debt and credit decisions wisely, ensuring financial stability and success.
10 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.
Get started today!
Course Curriculum
| Section 1 - Presentations - Credit: Sources, Costs, Advantages And Disadvantages | |||
| 5100 Consumer Credit Overview | 00:00:00 | ||
| 5110 Credit Advantages And Disadvantages | 00:00:00 | ||
| 5115 Closed-End Credit vs Open-End Credit | 00:00:00 | ||
| 5120 Loan Types And Institutions Commercial Banks | 00:00:00 | ||
| 5125 Loan Types And Institutions Consumer Finance Companies | 00:00:00 | ||
| 5130 Loan Types And Institutions Credit Unions | 00:00:00 | ||
| 5135 Loan Types And Institutions Life Insurance Companies | 00:00:00 | ||
| 5140 Loan Types And Institutions Federal Savings Bank | 00:00:00 | ||
| 5145 Loan Options By Expense Level | 00:00:00 | ||
| 5150 5 C's Of Credit Credit History | 00:00:00 | ||
| 5155 Credit Scores And How They're Calculated | 00:00:00 | ||
| 5160 5 C's Of Credit Capacity | 00:00:00 | ||
| 5165 5 C's Of Credit - Collateral | 00:00:00 | ||
| 5170 5 C's Of Credit Capital | 00:00:00 | ||
| 5175 5 C's Of Credit Conditions | 00:00:00 | ||
| 5180 Equal Credit Opportunity Act (ECOA) | 00:00:00 | ||
| 5190 Options If Denied Credit | 00:00:00 | ||
| 5195 Cost Of Credit | 00:00:00 | ||
| 5200 Loan Components And Trade Offs | 00:00:00 | ||
| 5210 Interest Calculation Methods | 00:00:00 | ||
| 5215 Credit Billing Error And Disputes | 00:00:00 | ||
| 5220 Credit And What To Do If Identity Is Stolen | 00:00:00 | ||
| 5225 Protecting Your Credit From Theft Or Loss | 00:00:00 | ||
| 5230 Cosigning A Loan | 00:00:00 | ||
| 5235 Debt Problem Warning Signs | 00:00:00 | ||
| 5240 Financial Counseling Services | 00:00:00 | ||
| 5250 Declaring Personal Bankruptcy | 00:00:00 | ||
| Section 2 - Practice Problems - Credit: Sources, Costs, Advantages And Disadvantages | |||
| 5110 Home Loan Borrowing Limit - OneNote | 00:00:00 | ||
| 5122 Debt Payments To Income Ratio - OneNote | 00:00:00 | ||
| 5162 Calculate APR And Payment Home Loan - OneNote | 00:00:00 | ||
| 5171 Pay Period Comparisons - OneNote | 00:00:00 | ||
| 5175 APR Simple Interest Examples - OneNote | 00:00:00 | ||
| 5177 APR Two Installment Loans Comparison - OneNote | 00:00:00 | ||
| 5163 Mortgage Rate (APR) Break Even Point - OneNote | 00:00:00 | ||
| 5179 Add On Interest Rate Loan - OneNote | 00:00:00 | ||
| Section 3 - Excel Problems - Credit: Sources, Costs, Advantages And Disadvantages | |||
| 5110 Home Loan Borrowing Limit | 00:00:00 | ||
| 5122 Debt Payments to Income Ratio | 00:00:00 | ||
| 5162 Calculate APR and Payment Home Loan | 00:00:00 | ||
| 5163 Mortgage Rate (APR) Break Even Point | 00:00:00 | ||
| 5171 Pay Period Comparisons | 00:00:00 | ||
| 5175 APR Simple Interest Example | 00:00:00 | ||
| 5177 APR Two Installment Loans Comparison | 00:00:00 | ||
| 5179 Add-on Interest Rate Loan | 00:00:00 | ||
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