General Business Students Learn Cost of Credit
November 17, 2007
The ECS general business students are currently learning about responsible use of credit. They have learned how to find out their approximate FICO score, check a credit report (http://www.annualcreditreport.com), find out how much interest they will pay on a purchase, and learn about laws regarding credit that affect consumers.
A number of students have been surprised to learn that the amount of interest paid on a mortgage will many times exceed the actual price of the home.
Please see the related sites to learn more about credit, to calculate the amount of interest on a purchase, and to check a credit report (one free per year).
