using credit wisely

BRAEDON CLOUSE

CREDIT & DEBIT

Credit cards are used for like emergency's & at times where you don't have the money but could have the money to pay it off & it can effect your credit score. Debit cards are linked directly to your bank account & your using your own money that can't effect your credit score.

Ways of developementation.

You can develop credit by using it wisely & paying it off right quick.

APR???

APR is a fixed rate that can justify your credit score & credit history.

Credit Report

You can get a free credit report from certain credit agency's but if you don't go to a certain credit agency it can lower or ruin your credit scores.

FINANCIAL WEB & APP INFO

CREDIT KARMA. COM

NATIONAL CHECK CASHIERS

FAFSA

FEDERAL STUDENT AID

GOODBUDGET

PROS & CONS

A pro of using credit is it can allow you to buy now & pay later. Another pro is it can raise your credit score & allow you to buy a house, car, or even get a better job. One more advantage of credit is that if your credit score is up is can pay less money during a shorter period of time than someone with a lower score. A con would be that it can tempt you to buy something that you really can't afford or pay off. An other con would be that if you put yourself in credit card debt you may be in that hole for a while. An other disadvantage is that if you have bad credit you may not be able to get a loan that you need for a house, car, or even for an investment.