Time frame: 60 min LEARNING OBJECTIVES FOR PARTICIPANTS: learn what credit is and how it works understand the difference between good debt and bad debt the cost of debt, particularly bad debt and only making minimum payments how payday loan companies operate and the cost of borrowing from them understand how debt can pile up and how this can have negative consequences on future financial plans learn how to take control of debt, including assessing the amount of debt, debt repayment options, dealing with creditors, and collection agencies and rules OUTLINE: how credit works benefits and risks cost of buying on credit payday loan companies how debt accumulates how to take control of your finances (dealing with debt) resources Q & A QUESTIONS? For answers to your questions, please email us. WANT A SESSION IN YOUR AREA? We will provide a CPA volunteer to lead the session with a prepared presentation, activities, handouts and worksheets. Note: If more than one session is needed, please fill out a second form and submit. Request guidelines: 12 weeks’ notice needed to setup a session. Requests must be submitted by the request deadline. If more than five sessions are needed, please contact us directly. For more information, visit setting up a financial literacy session.