The Good and the Bad About Credit

By: Dylan Mooney and Abbey Wegmann

Bad News About Credit

  • It is easy to go over your budget using credit
  • High interest rates
  • Stealing of credit card
  • Bad credit scores make it hard to receive a loan

The Good News About Credit

  • Flexible spending
  • Allows you to carry much less cash
  • If managed well, you can establish good credit
  • Good credit is essential when buying a house