Credit Score

Your gateway to debt!

Section 1: Basics of Credit

-What is Credit? The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.

-What are the forms of Credit? Open, installment, and revolving credit are the 3 options.

-What costs are associated with credit? there are often annual fees, application fees or late fees that apply.

-What determines how somebody gets credit? It depends on their credit score primarily.

Dangers of a credit card!

Section 3

-What is a Credit Card?

A piece of plastic that helps make shopping easier.

-Where can you use Credit Cards?

Almost anywhere

-What are the benefits and costs of using a Credit Card?

The convience of being able to buy anything you can't afford but you have to pay it back along with interest and other fees.