Build a good credit by making your payments on time
What is credit? The money lent or made available under such an arrangement.
What are the forms of credit? i.e student loans, credit cards, etc. There are student loans, credit cards, insurance cards, personal loans
What costs are associated with credit? Your APR interest and your late fees.
What determines if someone gets credit and how much they get?
That person gets an interest, insurance, credit cards, a lender, credit, a credit score that goes into your credit report and then to the credit bureau. Your credit score will determine if a credit card will get approved.
Credit Cards: What you need to know
What is a credit card? A small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit.
Where can you use credit cards? In stores, banks, restaurants, etc.
- What are the benefits and costs of using credit cards? The benefits are are that they can help you to get the goods and services you want and you won’t have to pay any annual fees or any kind of fees with the card. The costs are that you can sometimes find yourself in debt and might have to pay a penalty fee which is a lot of money.
The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
Money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
A small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit.
Smart consumers: Don't fall into the credit card trap
Some ways to save while using credit cards is to not use it on things that aren’t important. Next, be careful on the amount of items you buy so you don’t use so much money. Lastly, use the money wisely so you won’t run out of it as fast.