Course Number and Title: SSC 131 Are You Credit Worthy?
This course covers obtaining and maintaining access to credit; using credit cards, bank cards, and other means. Students develop a plan to establish good credit, discuss the advantages and disadvantages of consumer credits, and explore the various sources of consumer loans.
- Identify reasons for using consumer credit, and discuss its advantages and disadvantages. (CCC 2)
- Develop a plan to establish good credit. (CCC 1, 2, 5)
- Discuss implementation of a standard debt management plan. (CCC 1, 5)
- Identify the various sources of consumer loans. (CCC 1, 2, 6)
See Core Curriculum Competencies and Program Graduate Competencies at the end of the syllabus. CCPOs are linked to every competency they develop.
Upon completion of this course, the student will:
- Identify reasons for using consumer credit, and discuss its advantages and disadvantages. .
- Identify consumer motives for using credit.
- Discuss the role of credit analysis.
- Discuss how lenders assess the willingness and ability of a borrower to repay a loan using the 5 C’s (capacity, capital, collateral, condition, and character).
- Identify how companies earn money through credit offerings.
- Identify interest rates, and compute finance charges.
- Develop a plan to establish good credit.
- Identify individual credit score.
- Identify how the debt safety ratio influences limits on consumer credit.
- Distinguish among the different forms of open account credit.
- Discuss implementation of a standard debt management plan.
- Explain the role of credit counseling and resources offered through these agencies.
- Explain the role of consumer rights and bankruptcy laws.
- Discuss the impact of a debt management plan on an individual credit rating.
- Identify the various sources of consumer loans.
- Identify categories and sources of consumer loans.
- Examine the cost of installment loans, and analyze the advantages and disadvantages of paying cash versus taking out a loan.
- Determine loan options by comparing finance charges, maturity, collateral, and other loan terms.
Students must demonstrate proficiency on all CCPOs at a minimal 75 percent level to successfully complete the course. The grade will be determined using the Delaware Tech grading system:
Students should refer to the Student Handbook for information on the Academic Standing Policy, the Academic Integrity Policy, Student Rights and Responsibilities, and other policies relevant to their academic progress.
Calculated using the following weighted average
Percentage of final grade
2 Exams (Equally weighted) (Summative Assessment)
Formative (Discussion boards, participation, misc. assignments)
Final Project (Summative Assessment)
- Apply clear and effective communication skills.
- Use critical thinking to solve problems.
- Collaborate to achieve a common goal.
- Demonstrate professional and ethical conduct.
- Use information literacy for effective vocational and/or academic research.
- Apply quantitative reasoning and/or scientific inquiry to solve practical problems.
The College is committed to providing reasonable accommodations for students with disabilities. Students are encouraged to schedule an appointment with the campus Disabilities Support Counselor to request an accommodation needed due to a disability. A listing of campus Disabilities Support Counselors and contact information can be found at the disabilities services web page or visit the campus Advising Center.