By: Jordan Rios
What is Credit?
Credit is made to help people pay for the things that they need when they don't have any money. But the problem with this is that people don't use it for the things that they need they use it for the things that they want at times to. This is a problem because all the things you put credit on are going to have to be payed off in some way or another. Then if you don't have enough money to pay off all the things that you payed for you will be in debt. Some people end up so much in debt they aren't even able to pay off the bill for college later in life.
Is when you use your card to much and your not able to pay of all the credit you are in.
Plastic card you put credit on.
The higher the number the better.
What is a Credit Card?
This is a card that you put credit on instead of paying for it. Most people use credit cards at the gas station or at stores where they spend a lot of money. The best thing about credit cards is that it helps you by the thing that you want but the down side about it is that you have to pay the company back and if you don't pay them back when they want the money they will add interest.
Don't Fall Into the Credit Card Trap
These are some tips that you need to know so you don't fall into a credit card trap.
- Sign you credit card as soon as you get it.
- Only use secure browsers.
- Don't max out your credit card
- Pay more on the minimum bottom.
- Keep track of what you charge and always pay for done