Types of Credit
Last Updated 11/2022
English
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Self-Paced
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60 mins!
Finish in
60 mins!
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Employees
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Certificate
of Completion
of Completion
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What you'll learn
This topic can help you get a better grasp of some of the more complex financial themes that you'll come across in your life.
Skills covered in this course
Description
It may seem like a relatively modern concept, but humans have been operating on credit, borrowing from one another, and paying back debts for millennia. However, credit isn't necessarily a simple concept. In this course, we'll go over the basic principles of credit, including what it is, some of the different types of credit available today, and why it's important to have credit.
System Requirements
• Windows 7 and newer
• Mac OS 10 and newer
Supported Browsers:
The current and previous major releases of the following browsers
• Safari v11 and higher
• Firefox v65 or higher
• Chrome v70 and higher
• Microsoft Edge v42 and higher
• Internet Explorer v11 and higher (Windows only- may exhibit visual differences from other
browsers)
Computer Speed and Processor:
• Use a computer 5 years old or newer when possible.
• 1GBofRAM
• 2GHz processor
Author
Making the Workplace Safer and Smarter
HSI (Health & Safety Institute) is a recognized leader in Environmental, Health and Safety (EHS) and workforce development software, training, and compliance solutions.
HSI is your single-source partner for EHS, Compliance, and Professional Development solutions. HSI provides integrated e-learning content, training solutions, and cloud-based software designed to enable your business to improve safety, operations, and employee development. Across all industries, we help safety and technical managers, human resources, first responders, and operational leaders train and develop their workforce, keep workers safe, and meet regulatory and operational compliance requirements. We are a unique partner that offers a suite of cloud-based software solutions including learning management, safety management, chemical SDS management, and more, integrated with our content and training so businesses can not only monitor and manage multiple workflows in one system, but train employees via one partner.
Types of Credit
Types of Credit: Credit 101
It may seem like a relatively modern concept, but humans have been operating on credit, borrowing from one another, and paying back debts for millennia. However, credit isn't necessarily a simple concept. In this course, we'll go over the basic principles of credit, including what it is, some of the different types of credit available today, and why it's important to have credit.
Types of Credit: Having Credit Cards as a Young Adult
You know you need to build your credit, but as a young adult, is having a credit card really a good idea? In this course, we'll look at both the benefits and risks of having a credit card as a young adult, as well as some strategies for how to be responsible if you do choose to open a credit card account. We'll also discuss credit limits, making payments, and avoiding late fees.
Types of Credit: How Credit Cards Work
Understanding exactly how a credit card works is the first step to using it wisely. That's what we'll cover in this course. We'll talk about the use of chips, magnetic stripes, and mobile apps. We'll discuss various fees associated with credit cards, including processing, interest, cardholder fees, and balance transfer fees. We'll also go over how cash advances work and the differences between secured and unsecured cards.
Types of Credit: Credit Card Fine Print
Understanding the terms and conditions of your credit card is vital for using your card responsibly and to your advantage. In this course, we'll go over the common terms in your credit card's fine print so you can understand exactly what you're signing up for. We'll discuss variable and fixed interest rates as well as annual percentage rates, or APR. We'll also talk about grace periods and annual and credit insurance fees.
Types of Credit: Selecting a Credit Card
There are many different credit cards out there, so in this program, we'll take a look at the criteria you can use to choose a credit card that works for you and your financial goals. We'll discuss secured vs. unsecured cards, credit cards vs. charge cards, fine print items, and rewards programs. We'll also talk about having multiple credit cards and how that impacts your credit score.
Types of Credit: Loan Fundamentals
There are several reasons you might need to take out a loan, like for purchasing a house or a car. Maybe you need money to pay for college tuition or room and board, or perhaps you have a large home improvement project to finance. The point is, almost everyone takes out some kind of loan in their lifetime, even if it's just opening a credit card account. In any of these situations, it pays to know the basics of what a loan is and how it works. All loans come with several basic components, including the term, the interest rate, miscellaneous costs, and penalties. In this course, we'll take a look at each one in more detail.
Types of Credit: Understanding Student Loans
If you're considering a student loan to help you manage the financial costs of your education, you're certainly not alone. In 2019, there were almost 45 million student loan borrowers who collectively owed more than $1.5 trillion dollars in the United States. Let's talk about how student loans work so you can be prepared to handle one. In this class, we'll discuss how scholarships and grants work and how to fill out a Free Application for Federal Student Aid, or FAFSA. We'll go over the four federal loan types, who qualifies, how they're paid, and what to do if you don't qualify for federal loans. Lastly, we'll go over paying back your student loans.
Types of Credit: Understanding Auto Loans
Unless you're lucky enough to work in a city with great public transportation, you're probably going to need a car at some point in your life. Whether you're going to work or just running out to get groceries, most of us use cars on a daily basis. In this course, we'll talk about how many pay for these cars: taking out an auto loan. We'll discuss how car loans work and go over the different types of lenders available. We'll talk about down payments, loan terms, and making payments. And finally, we'll cover what happens if you're unable to make a payment and what you should do if you're facing that situation.
Types of Credit: Understanding Home Loans
Purchasing your first home is a major milestone, but it's also a very complicated process. In this course, we'll break home loans into simple, easy-to-understand steps. We'll define common home loan terms and go over the various types of loans available and their requirements. We'll also talk about interest rates, escrow payments, and what happens if you're unable to make a mortgage payment.
Frequently Asked Questions
This course is designed for employees who need to complete Types of Credit training
Yes. This course is designed to meet applicable federal requirements and commonly mandated state standards. Always confirm specific state or industry requirements with your local regulations.
The course takes approximately 60 minutes to complete and can be paused and resumed at any time.
Yes. Learners receive a downloadable certificate upon successful completion, which can be used for compliance records and audits.
Yes. You can assign this course to individuals or groups using Coggno’s LMS, or purchase multiple seats for your team.
Yes. This course can be exported for delivery in most learning management systems (SCORM compatible).
Yes. The course is fully self-paced and available 24/7.
Yes. This course includes a knowledge check to reinforce learning and verify completion.
Learners have lifetime access from the date of purchase.
Yes. A preview is available so you can review the course format and content before purchasing.
Yes. Content is reviewed and updated as regulations and best practices change.
Yes. This course is available for free with an active Prime Subscription.
Yes. Refund requests can be submitted within 30 days of purchase.