Barclays LifeSkills - Understanding overdrafts, credit cards and credit scores

Understanding overdrafts, credit cards and credit scores (age 16+) – Delivered over 3 sessions

Part 1 – Exploring bank accounts – 30 minutes

Part 2 – Credit cards & borrowing – 30 minutes

Part 3 – Debt & Credit Scores – 30 minutes

The Understanding overdrafts, credit cards and credit scores lesson focuses on the use of credit cards, understanding what a credit score is, identifying different types of borrowing and how to apply different debt strategies to a range of financial emergencies.

By the end of the 3 sessions students will be able to:

•      Discuss current accounts and the use of credit cards.

•      Identify different forms of borrowing and how to apply different debt strategies to a range of financial emergencies.

•      Understand the difference between being in debt and in financial difficulty.

•      Identify what is a credit score and top tips for looking after it.