Debt Information for Teens, 3rd Ed. , livre ebook

Infobase Publishing

Découvre YouScribe en t'inscrivant gratuitement

Je m'inscris

Obtenez un accès à la bibliothèque pour le consulter en ligne
En savoir plus

199 pages

English

Vous pourrez modifier la taille du texte de cet ouvrage

Obtenez un accès à la bibliothèque pour le consulter en ligne
En savoir plus

A propos
Informations
Extrait

Description

Provides information for teens about establishing and using credit, managing credit cards, and coping with debt-related problems. Includes index and resource information.

Sujets

Debt

Informations

Publié par	Infobase Publishing
Date de parution	01 mars 2018
Nombre de lectures	0
EAN13	9780780815704
Langue	English
Poids de l'ouvrage	1 Mo

Informations légales : prix de location à la page 0,2662€. Cette information est donnée uniquement à titre indicatif conformément à la législation en vigueur.

Extrait

Teen Finance Series
Debt Information For Teens, Third Edition
Teen Finance Series
Debt Information For Teens, Third Edition
Tips For A Successful Financial Life
Including Facts About The Economy And Personal Finances, Money Management, Interest Rates, Loans, Credit Cards, Predatory Lending Practices, And Resolving Debt-Related Problems

615 Griswold, Ste. 901
Detroit, MI 48226
Bibliographic Note
Because this page cannot legibly accommodate all the copyright notices, the Bibliographic Note portion of the Preface constitutes an extension of the copyright notice.

* * *

OMNIGRAPHICS
John Tilly, Managing Editor

* * *

Copyright © 2018 Omnigraphics

ISBN 978-0-7808-1569-8
E-ISBN 978-0-7808-1570-4

Library of Congress Cataloging-in-Publication Data
Title: Debt information for teens: tips for a successful financial life including facts about the economy and personal finances, money management, interest rates, loans, credit cards, predatory lending practices, and resolving debt-related problems.
Description: Third Edition. | Detroit, MI: Omnigraphics, [2018] | Series: Teen finance series | Audience: Grade 9 to 12. | Revised edition of Debt information for teens, c2012. | Includes bibliographical references and index.
Identifiers: LCCN 2017061014 (print) | LCCN 2018000429 (ebook) | ISBN 9780780815704 (eBook) | ISBN 9780780815698 (hardcover: alk. paper)
Subjects: LCSH: Teenagers--Finance, Personal--Juvenile literature. | Consumer credit--Juvenile literature.
Classification: LCC HG179 (ebook) | LCC HG179.D379 2018 (print) | DDC 332.024/020835--dc23
LC record available at https://lccn.loc.gov/2017061014

Electronic or mechanical reproduction, including photography, recording, or any other information storage and retrieval system for the purpose of resale is strictly prohibited without permission in writing from the publisher.
The information in this publication was compiled from the sources cited and from other sources considered reliable. While every possible effort has been made to ensure reliability, the publisher will not assume liability for damages caused by inaccuracies in the data, and makes no warranty, express or implied, on the accuracy of the information contained herein.

This book is printed on acid-free paper meeting the ANSI Z39.48 Standard. The infinity symbol that appears above indicates that the paper in this book meets that standard.

Printed in the United States
Table Of Contents
Preface
Part One: The Economy And Your Wallet
Chapter 1—Overview Of American Currency
Chapter 2—Financial Capability And Literacy
Chapter 3—The American Experience With Money
Chapter 4—The State Of The Economy In The United States
Chapter 5—A Look At The U.S. Economy
Chapter 6—Understanding U.S. Monetary Policy And Interest Rates
Chapter 7—U.S. Public Debt
Chapter 8—Federal Borrowing And Debt
Part Two: Personal Money Management
Chapter 9—Managing Money In The Real World
Chapter 10—Budgeting Basics
Chapter 11—Spending Money Wisely
Chapter 12—Saving Money
Chapter 13—Saving For College
Chapter 14—You And Your Bank
Chapter 15—Electronic Banking
Chapter 16—A Guide To Checking Accounts
Chapter 17—Protecting Yourself From Overdraft And Bounced-Check Fees
Chapter 18—Protecting Yourself From Identity Theft
Part Three: Establishing And Using Credit
Chapter 19—What You Need To Know About Credit
Chapter 20—Borrowing Basics
Chapter 21—Credit Reports And Credit Scores
Chapter 22—Your Access To Free Credit Reports
Chapter 23—Loan Basics
Chapter 24—Subsidized And Unsubsidized Loans
Chapter 25—Beware Of Predatory Lending Practices
Chapter 26—Installment Loans
Chapter 27—Vehicle Financing
Chapter 28—Financing Your Education After High School
Chapter 29—Educational Loans
Chapter 30—Private Education Loans
Chapter 31—Planning For Independence
Part Four: Credit Cards
Chapter 32—Basic Facts About Credit Cards
Chapter 33—Important Differences Between Debit And Credit Cards
Chapter 34—Choosing And Using Credit Cards
Chapter 35—Using Credit Wisely
Chapter 36—Avoiding Credit Card Pitfalls
Chapter 37—Understanding The Extra Cost Of Minimum Payments
Chapter 38—How To Rebuild Your Credit Score
Chapter 39—Protecting Your Plastic: Don’t Be A Victim
Part Five: Identifying And Resolving Debt-Related Problems
Chapter 40—Federal Consumer-Rights Laws
Chapter 41—Knee Deep In Debt
Chapter 42—Consolidating Credit Card Debt
Chapter 43—Student Loan Consolidation
Chapter 44—Repaying Your Loans
Chapter 45—Facts About Credit Repair And Debt Relief Services
Chapter 46—How To Dispute Credit Report Errors
Chapter 47—Dealing With A Debt Collector
Chapter 48—Vehicle Repossession
Chapter 49—Bankruptcy: A Last Resort
Part Six: If You Need More Information
Chapter 50—Interactive Tools, Online Calculators, And Other Web-Based Resources
Chapter 51—Additional Resources For Learning More About Money
Index
Preface
About This Book
According to a recent survey conducted by the Programme for International Student Assessment (PISA), about 1 in 5 children in the United States don’t meet baseline levels for financial literacy proficiency. Only 10 percent of U.S. children are considered “top performers” capable of analyzing complex financial products and problems. There are about 64 percent of parents who discuss finance with their children at least once a week and say their children are smart about managing money.
Debt Information for Teens, Third Edition offers updated information about economic fundamentals that impact personal finances and ways to manage money. It explains how to develop a personal budget, save for future goals, and make purchasing decisions. It also discusses establishing and using credit, the basics of borrowing, the purposes of credit reports and credit scores, and some of the most frequently encountered types of loans, including installment, vehicle, and education loans. A special section on credit cards explains the different types of credit cards, how fees are calculated, the perils of making minimum payments, and tactics sometimes used by credit card companies that can be costly for consumers. Another section provides information about resolving debt-related problems, and the book concludes with a list of online tools and a directory of resources for additional information.
How To Use This Book
This book is divided into parts and chapters. Parts focus on broad areas of interest; chapters are devoted to single topics within a part.
Part One: The Economy And Your Wallet explains the relationship between global financial issues and personal finances. The latest annual report to congress on student banking featuring information on bank accounts and debit and credit cards is present. It reviews basic fundamentals about money, monetary policy, and interest rates and explains how these issues affect people—even teens—on a day-to-day basis.
Part Two: Personal Money Management describes important concepts and tools that can help teens handle the funds under their control. It discusses the importance of making a budget, using good decision-making regarding spending, and building wealth by saving. It also explains how banks work, how to avoid costly mistakes in managing checking accounts, and steps that can be taken to help minimize risks associated with identify theft.
Part Three: Establishing And Using Credit explains credit comprehensively. It details the process by which credit reputations are formed and how credit history can impact the ability to borrow money, rent an apartment, or even get a job. It explains credit reports and credit scores, and it offers details about the types of loans most commonly encountered by teens—installment loans, car loans, and education loans.
Part Four: Credit Cards offers a look at credit cards. The advantages and disadvantages associated with credit cards and important differences between credit cards and debit cards are discussed. Tips for evaluating and comparing credit card terms are included along with explanations regarding interest, fees, and practices that may lead to increased consumer costs. Measures to take in case of inability to repay credit on time and rebuilding credit history is discussed.
Part Five: Identifying And Resolving Debt-Related Problems talks about situations that can occur when debt gets out of control. Options for repaying student and credit card debt by consolidation is detailed. It explains the legal protections available to consumers and provides facts about related issues, such as vehicle repossession and bankruptcy. Deceptive tactics and illegal practices sometimes used by companies that prey on people with financial difficulties are also described.
Part Six: If You Need More Information provides a list of interactive financial tools, online calculators, and other web-based resources along with a directory of financial organizations.
Bibliographic Note
This volume contains documents and excerpts from publications issued by the following government agencies: Board of Governors of the Federal Reserve System; Consumer Financial Protection Bureau (CFPB); Federal Deposit Insurance Corporation (FDIC); Federal Student Aid; Federal Trade Commission (FTC); International Trade Administration (ITA); Office of the United States Trade Representative (USTR); TreasuryDirect; U.S. Bureau of Economic Analysis (BEA); U.S. Bureau of Engraving and Printing (BEP); U.S. Department of Education (ED); U.S. Department of Justice (DOJ); U.S. Department of the Treasury (USDT); U.S. Government Publishing Office (GPO); USA.gov; and Youth.gov
It may also contain original material produced by Omnigraphics.
The photograph on the front cover is © sirtravelalot.
Part One
The Economy And Your Wallet

Chapter 1
Overview Of American Currency
History Of The BEP And U.S. Currency
The U.S. Bureau of Engraving and Printing (BEP) had its foundati