The world of Credit, In you hands!
One Side of Credit
There are some cost associated with credit. Interest is money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt. Also Late Fees are put into place when the person is late making the payment. A persons income is a key factor in determining if someone gets credit and how much they get. The higher the income the more money available to borrow. A persons Credit History helps determine what someone gets too. If a person has poor credit history the less money is available for that person, and vice versa.
BE AWARE BE INFORMED BE READY
HOW TO USE CREDIT
A credit card is a plastic card issued by a Bank, Business, etc. for the purchase of goods or services on credit. You can use credit cards at any store that accepts them. Some stores require a limit purchase in order to use the credit card. Using a credit card is a safe way to make purchases and to carry money. If lost or stolen it can be cancelled, plus a pass code is needed for use.