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Oct 20, 2020 Virtual “Borrowing Basics” -Seventy-Five North Connects-Powered by NEF
October 20, 2020 @ 6:00 pm - 7:00 pm CDT
Define what “credit” and a “loan” is
Distinguish between secured and unsecured loans
Identify three types of loans
Identify the costs associated with getting a loan
Identify the factors lenders use to make loan decisions
Explain why installment loans cost less than rent to own services
Explain why it is important to be wary of rent-to-own, payday loans, and refund anticipation services
Describe how to guard against predatory lending practices
Business Success Series: $0
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