Credit- Credit is when goods,services, or money is received in exchange for a promise to pay a definite sum of money at a future date. Keeping good credit is good so you can be able to buy important stuff like a house,a car, or anything else that's big.
What you need to get credit
Make sure you pay your bills. You have a job. And make sure you have a reliable source of income.http://www.myfico.com/crediteducation/creditscores.aspx
A credit score is a three digit number calculated from your data-rich credit report and is one factor used by lenders to determine your creditworthiness for a mortgage, loan or credit card. It determines how much loans you can get
Good and bad credit numbers
The higher your credit number the better. The lower is not good.
How do I keep good credit?
- Have an emergency fund
- Pay what you owe
- Keep track of your spending