Who really knows about credit now?

Credit cards, Loans, etc.

The Basics of Credit

Credit is the ability to obtain goods or services before payments, based on the trust that the payment will be made in the future. Forms of credit can be student loans, credit cards, house loans. If someone wants credit then they have to go into the bank to see if they're eligible. Knowing how much someone gets depends on how the person acts, or presents himself. The best way for a beginner to get credit is to apply for a credit card meant for a beginner. If you already have a checking or savings account, check to see if your bank has a credit card for someone with limited credit history. If you can't get a credit card at your current bank, there are still more options.

Vocabulary Watch

  • Credit- Is the trust which allows one to provide resources to another party.
  • Personal Loans- A loan that establishes consumer credit that is granted for personal use.
  • Credit Cards- A plastic card issued by a bank, businesses, etc. Used to purchase goods and other things on credit.

What do you really know about a credit card?

  • What is a credit card? A plastic card issued by a bank or businesses used to purchase goods and things on credit.

  • Where can you use credit cards? Anywhere that accepts the kind you have. Such as visa, master card, express, etc.

  • What are the benefits and costs of using credit cards? Using a credit card helps you always keep track of how much you are spending.

Stay safe while using credit cards!

When using a credit card make sure you follow these simple things. Don't fall to far into debt. Always know where your card is because someone can easily steal it! Make sure you're keeping track of all the things you are buying.