The Basics Of Credit

Brandon Aguirre

what is credit ?

The right to borrow money and in return a future payment. can be used by having a credit card that will make you have good credit then to see where you are at with your credit you can go to credit score to check your credit

What are the forms of credit

there are 3 forms of credit they are capital, capacity and character

What costs are associated with credit?

credit is not free with credit you have to pay interest you can go to a lender to pay interest on and check if your creditworthiness you also have to pay interest on personal loans

What determines if someone gets credit and how much they get?

in order to get credit you have to buy something to pay credit on and pay back a loan then check the credit bureau

vocabulary watch

credit ...credit cards.. interest

credit = money you have to buy something to pay back in the future for a payment


credit cards = you can have a credit card to buy something and pay it back slowly to get good credit


interest= the amount of money you have to also pay back in order to have credit and to buy something

Credit Cards: What You Need to Know

what is a credit card

a card you purchase items with with and also get a credit limit if you go over the credit card limit you will get charged with a over the limit fee

Where can you use credit cards?

you can use a credit card anywhere that accepts a credit card such as a store or restaurants if you don't pay that credit card off on time your interest rate will go up. some places also charge a annual fee to use a credit card

What are the benefits and costs of using credit cards?

the benefits are if you pay your credit card on time you get good credit for the future. just make sure you don't receive penalty fees

Smart Consumers: Don’t Fall Into the Credit Card Trap

be smart!

if you get a credit card it can be a positive but also a negative its very easy to lose your credit card and also if you have a credit card you have to be smart on what you buy because if you don't pay it back it will charge you lots of interest then your stuck paying more money back and also more importantly have bad credit already. Also they can steal your credit information and identity so you need to be smart also you should watch your credit and check it to make sure your on top of things.