TEKS: Chapter 113. Social Studies See All Teacher Resources

113.49.c.9

(9) Credit and borrowing. The student identifies factors that affect credit worthiness. The student is expected to:

• (A) discuss how character, capacity, and collateral can adversely or positively impact an individual's credit rating and the ability to obtain credit;
• (B) describe how to access and interpret a sample credit report and score;
• (C) describe the importance of monitoring credit reports regularly and addressing mistakes;
• (D) identify factors that could lead to bankruptcy such as medical expenses, job loss, divorce, or a failed business; and
• (E) appraise the impact of borrowing decisions on credit score, including consequences of poor credit management and bankruptcy.