The Basics of Credit
Creditworthiness is Built on the 3 C's (Vocabulary Watch)
Character - how a person has handled past debt obligations: From the credit history and personal background, honesty and reliability of the borrower to pay credit debts is determined.
Capacity - how much debt a borrower can comfortably handle
Capital - current available assets of the borrower, such as real estate, savings or investment that could be used to repay debt if income should be unavailable.
Credit Cards: What You Need to Know
Smart Consumers: Don’t Fall Into the Credit Card Trap
2. Have a budget and avoid overspending.
3. Make an effort to pay off credit card balances at the end of the month.
4. Make purchases with reliable companies and take extra precautions when making purchases online.
5. Report stolen cards immediately to the credit card company.