Credit Card Opportunities

Using Your Money Wisely


Credit is a really useful and need think for people to survive. Credit is a loan from a bank to buy a house, car, or pay of a collage cast. There are a lot of things you need to know before getting credit from a bank. You need to know that there are a lot of costs that come from taking out a loan, using your credit. You have to pay back the money you borrowed with a interest rate. There are a lot of stuff that deter man if someone gets credit and how much of it. It's all based on if you have a house, a car, and if you pay your bills on time.

Vocabulary Watch

Creditworthiness- trustworthiness with money as based on a person's credit history; a general qualification for borrowing money.

Credit Score- A credit score in the United States is a number representing the creditworthiness of a person, the likelihood that person will pay his bills.

Personal Loans- a loan that establishes consumer credit that is granted for personal use;

Credit Card

Credit Cards are a way a person barrows money from a bank and every month that person has to pay back a percentage of that amount called annual fee, with a interest fee. You can use credit cards were ever you go and, buy what ever you want. The benefits of a credit card are that you could buy what ever you want and, how much you want until you use up your credit limit, but you shouldn't use your credit card that much because you could fall in big dept really easily, and have to pay over- the-limit fee and, if you go over you have to pay a penalty fee.

Staying Safe

It is really easy to fall in dept with a credit card. That is why you should only use your credit card in an emergency, or buying a house, car or a school loan.