Entrepreneurship

Activity Details

Time needed: 30–45 minutes

Materials needed:

• Pens or pencils 
• Ruled or plain paper 
• A computer, tablet, or phone with internet access 

Setup:  Find out how to check and track your credit score.

Activity:  Keeping good credit is essential to what you can buy as an adult. A strong credit score proves to lenders that you can pay back what you owe on time.

Maintaining good credit is required to secure a house, car, credit card, or education. Anything above a score of 700 is considered good, while scores below 500 are generally considered poor.

Through research, find out which information determines a credit score and what can make a score go up or down. Start by searching online for videos or articles about credit scores or setting up a virtual appointment with a banker or local credit bureau to speak with an expert about the process. You may want to find out:

• How do you establish credit?
• How long does it take to solidify a good credit score?
• Which spending habits can negatively affect your score?
• What can you do to improve a poor credit score?
• How do you stay on top of checking your credit score?

Learn all you can about establishing and maintaining good credit, and share what you learn with your friends and family!

Reflection:

Think about these questions:

• What did you learn about establishing strong credit that you didn’t know before?
• What will you do to ensure you maintain good credit?
• How can you share what you’ve learned about credit with other girls?

Girl Scouts at Home activities have been adapted from existing Girl Scout programming and optimized for use at home during a period of social distancing.

Adapted from Step 1 of the Ambassador Good Credit badge. Purchase The Ambassador Girl’s Guide to Girl Scouting to complete all requirements and earn the badge .

Made possible by a generous gift from Toyota Financial Services.