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SSC 131 Are You Credit Worthy?

This course covers obtaining and maintaining access to credit using credit cards, bank cards, and other means. Students develop a plan to establish good credit, discuss the advantages and disadvantages of consumer credit, and explore the various sources of consumer loans.

Credits

1

Prerequisite

Prerequisite: None

See Course Syllabus

Course Number and Title:

SSC 131 Are You Credit Worthy?

Campus Location

  • Dover
  • Georgetown
  • Wilmington

Effective Date

202351

Prerequisites

Prerequisite: None

Course Credits and Hours

1 credit(s)

1 lecture hours/week

0 lab hours/week

Course Description

This course covers obtaining and maintaining access to credit using credit cards, bank cards, and other means. Students develop a plan to establish good credit, discuss the advantages and disadvantages of consumer credit, and explore the various sources of consumer loans.

Additional Materials

NA

Required Text(s)

Obtain current textbook information by viewing the campus bookstore - https://www.dtcc.edu/bookstores online or visit a campus bookstore. Check your course schedule for the course number and section.

Disclaimer

NA

Core Course Performance Objectives (CCPOs)

  1. Discuss reasons for using consumer credit, and discuss its advantages and disadvantages. (CCC 2)
  2. Develop a plan to establish good credit. (CCC 1, 2, 5)
  3. Discuss implementation of a standard debt management plan. (CCC 1, 5)
  4. Compare the various sources of consumer loans. (CCC 1, 2, 6)

See Core Curriculum Competencies and Program Graduate Competencies at the end of the syllabus. CCPOs are linked to every competency they develop.

Measurable Performance Objectives (MPOs)

Upon completion of this course, the student will:

  1. Discuss reasons for using consumer credit and the advantages and disadvantages.
    1. Identify consumer motives for using credit.
    2. Discuss the role of credit analysis.
    3. Discuss how lenders assess the willingness and ability of a borrower to repay a loan using the 5 C’s (capacity, capital, collateral, condition, and character).
    4. Identify how companies earn money through credit offerings.
    5. Identify interest rates, and compute finance charges.
  2. Develop a plan to establish good credit.
    1. Identify individual credit score.
    2. Identify how the debt safety ratio influences limits on consumer credit.
    3. Distinguish among the different forms of open account credit.
  3. Discuss implementation of a standard debt management plan.
    1. Explain the role of credit counseling and resources offered through these agencies.
    2. Explain the role of consumer rights and bankruptcy laws.
    3. Discuss the impact of a debt management plan on an individual credit rating.
  4. Compare the various sources of consumer loans.
    1. Identify categories and sources of consumer loans.
    2. Calculate the cost of installment loans.
    3. Analyze the advantages and disadvantages of paying cash versus taking out a loan.
    4. Determine loan options by comparing finance charges, maturity, collateral, and other loan terms.

Evaluation Criteria/Policies

The grade will be determined using the Delaware Tech grading system:

90-100 = A
80-89 = B
70-79 = C
0-69 = F
Students should refer to the Catalog/Student Handbook for information on the Academic Standing Policy, the Academic Integrity Policy, Student Rights and Responsibilities, and other policies relevant to their academic progress.

Final Course Grade

Calculated using the following weighted average

Evaluation Measure

Percentage of final grade

2 Exams (Equally weighted) (Summative Assessment)

60%

Formative (Discussion boards, participation, misc. assignments)

20%

Final Project (Summative Assessment)

 

20%

TOTAL

100%

Core Curriculum Competencies (CCCs are the competencies every graduate will develop)

  1. Apply clear and effective communication skills.
  2. Use critical thinking to solve problems.
  3. Collaborate to achieve a common goal.
  4. Demonstrate professional and ethical conduct.
  5. Use information literacy for effective vocational and/or academic research.
  6. Apply quantitative reasoning and/or scientific inquiry to solve practical problems.

Students in Need of Accommodations Due to a Disability

We value all individuals and provide an inclusive environment that fosters equity and student success. The College is committed to providing reasonable accommodations for students with disabilities. Students are encouraged to schedule an appointment with the campus Disabilities Support Counselor to request an accommodation needed due to a disability. The College's policy on accommodations for persons with disabilities can be found in the College's Guide to Requesting Academic Accommodations and/or Auxiliary Aids Students may also access the Guide and contact information for Disabilities Support Counselors through the Student Resources web page under Disabilities Support Services, or visit the campus Advising Center.

Minimum Technology Requirements

Minimum technology requirements for online, hybrid, video conferencing and web conferencing courses.

Academic Integrity

https://dtcc.smartcatalogiq.com/Current/Catalog/Academics/Academic-Integrity

Attendance

https://dtcc.smartcatalogiq.com/Current/Catalog/Search?q=attendance

Cell phone/Electronic Device

https://dtcc.smartcatalogiq.com/Current/Catalog/Student-Policy/Cell-Phone-and-Electronic-Device-Policy

Tuition Adjustment Policy

https://dtcc.smartcatalogiq.com/Current/Catalog/Financial/Tuition-Fee-Adjustment-Policy-Course-or-Semester-Withdrawal