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Grade 9-12

Credit Reports and Credit Scores

Time: 90 mins,
Updated: July 11 2024,


Students will be able to:

  • Describe what a credit report is and how it is used.
  • Summarize the information used to calculate a credit score.
  • Explain how credit scores affect creditworthiness and the cost of credit.
  • Explain the factors that improve a credit score.
  • Determine the cost of financing based on credit scores.


In this personal finance lesson, students will calculate credit scores to learn how to read a credit report.

Book Info

This lesson is part of Financial Fitness for Life 9-12, 3rd Edition and provides the slides and activities with educational technology tools. For full access to the book, shop the teacher guide and student workbook below.

Teacher Guide

Student Workbook

Available in eBook and hard copy

Available in eBook and hard copy


This lesson explains what a credit report is and how to read one. Students are introduced to the information used by credit bureaus to calculate credit scores. Students learn about the financial costs associated with varying credit scores and how to improve one’s credit. To learn about credit reports, the students play the role of loan officers, reviewing excerpts from the credit reports and credit scores of loan applicants. They evaluate each applicant’s credit history and use the information to determine whether to grant the loan requested.

Personal Finance