some questions about your experience.
Step 2: Knowledge Matters: Simulation
Complete the Knowledge Matters simulation: "Fixing Your Credit
Step 3: Answer the Questions
Unit 8 Activity
Based on your experience with the sim, what you learned in the Lessons, and online
research, answer the following questions in a word processing document. Remember to
answer
in complete sentences and include the original question in your response.
1. What are your own feelings about credit scores and how they are used in our society? Do
you
think they are accurate? Fair/just? Perpetuating inequality? Explain your reasoning
2. In the sim, once you paid the bills that had gone into collections, you saw a small increase
to your credit
score. Why was the increase so low even though you no longer had money
owed to creditors
?
3. In the sim, you were able to secure a car loan after a few months of "credit fixing," but
were aiming
for an even better loan rate. How many months did it take before you were
able to build up your
credit enough to get that better rate? Were you surprised on how
long/short the
process was?
4. In the sim, your character had the luxury of delaying purchasing a car until they could get
a better loan, thus
lowering the price they would pay in total for the car. What are some
other considerations a person
would factor into this decision-for example, are their
circumstances under
which it would make sense for someone to buy the car immediately
even though it would be "more
expensive? Provide at least TWO distinct circumstances,
perspectives, or reasoning
related to this sort of decision.
5. How did you feel, overall, as you took on the role of someone with a low credit score in the
sim? Did you feel empowered,
disempowered, stressed, frustrated, skillful, etc.? How do
you think you would feel in that role
in your real life?