Failure to repay a loan has significant consequences for borrowers such as negative entries on their credit report, repossession of property (collateral), garnishment of wages, and the inability to obtain loans in the future.
Standard detail
8.
Benchmark
Depth 1Parent ID: 28CE83FF06994F9CAB9BEC1FBAC6C82BStandard set: Grades 9, 10, 11, 12
Original statement
Quick facts
- Statement code
- 8.
- List ID
- 8.
- Standard ID
- ADF7BB3AFBDB4F3FADF9C8358122B683
- ASN identifier
- S2604589
- Subject
- Financial Literacy
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- 28CE83FF06994F9CAB9BEC1FBAC6C82B
- Source document
- National Standards for Financial Literacy (2013)
- License
- CC BY 3.0 US