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Interest and debt

Compound interest basics

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Compound interest introduction
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The rule of 72 for compound interest
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Interest basics

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Introduction to interest
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Interest (part 2)
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Why interest rates go up and down - by Better Money Habits®
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How rising or falling interest rates might affect you - by Better Money Habits®
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Credit basics

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FICO scores and credit bureaus
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Credit cards and loans

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Annual percentage rate (APR) and effective APR
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What is an APR - by Better Money Habits®
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How credit card interest is calculated
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Institutional roles in issuing and processing credit cards
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Payday loans
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Debt repayment

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High rate vs snowball method
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Personal bankruptcy

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Personal bankruptcy: Chapters 7 and 13
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About this unit

How is interest calculated? What factors influence your credit score? What is the impact of only paying the minimum balance on your credit card? Build your knowledge of these key financial topics.
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