Keep Calm and Charge on....

Celeste Cisneros 4B

Manage your credit:

  • Keep track of your spending: Keep track of the checks you've written, credit and transaction, and ATM usage.
  • Don't exceed your credit limit of lines of credit and credit cards: Your available credit is how much credit you have left on a line of credit or credit card; it is your credit limit minus your outstanding balance. Be careful to keep your spending below this amount.
  • Have an emergency fund: Keep at least a 15% cushion of available credit in case of emergency.
  • Pay what you owe: Always pay at least your minimum monthly payment.

What is credit?

Credit is the ability of a customer to obtain goods or services before payment, based on trust that payment will be made in the future.

5 Reasons to have good credit

  1. Have a good car
  2. Buying a house
  3. Starting a business
  4. Getting a job
  5. Getting lower Interest Rates