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