Using Credit Wisely

Robby Schaal

Difference between credit cards and debit cards

Credit cards run up an amount of money that you will owe in the future. A balance that you will be required to pay back at a later date.

Debit cards purchases deduct money from your current account.

Ways you can develop a positive credit history

Use only a small amount of credit you have available.

Start with only one credit card.

Pay your credit card balance in full.

Advantages and Disadvantages of using credit


Protection of purposes

Building of credit lines



Blowing you budget

High interest rates and increased debt

Credit card fraud

The importance of APR

APR stands for annual percentage rate. This is the amount of interest on your total loan amount that you'll pay annually.

Free credit report

You can get this every 12 months. It can be important because its free. Tell the credit reporting company.

Credit counciling agencies

National check cashers. They take any checks at any time, bad credit is ok and great benefits.
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