Using Credit Wisely

This Flyer is ways and how you can use credit wisely and to not overuse it.

What is the difference between a credit and a debit card.

So in simple terms a debit card is when you buy something it pulls it right out of your a banking account. Now the credit card is when you buy something and you borrow it from the bank and slowly pay it off.

Three ways to get a positive credit score

There are so many ways you can get a positive score one big way is pay all of your bills on time. Do not ask to constantly see your credit score. The last one is do not open up a lot of credit cards.

5 apps or websites that help you manage your money

  • Chase Blueprint
  • Budget Pulse
  • Buxfer
  • Money trackin'

Advantages and Disadvantages of using Credit

One advantage to using credit is you can buy large items that you cant afford right at that time. You can slowly pay it off and you can use it for emergencies. Now there are many disadvantages. People can build up their debt to where they cant pay it off. Almost all College students can get one. And Credit Card fraud, somebody can still you card and pay for things.

What is APR

APR stands for Annual Percent Rate and it is how much the percent you pay for loaning the money for an item. If you buy a Xbox for $300 and you have a APR of 18% you can pay $30 a month and it will take you 11 months to pay it off and it will be like $30 extra for just loaning the money.

How to look at your credit score for free

One website that you can look at your credit report for free is credit karma. It is very important to look at your credit score because you can't get all the loans you want if you have a bad credit score. If you have a bad credit score and you don't know you should call all of your credit cards.

Credit Counseling

Consumer Credit Counseling Services

No reviews · Credit Counseling Service

5555 Renner Rd · (614) 552-2222

These organizations can help you get out of debt, help you build your credit score and tell

you when to pay your bills on time.