All You Need to Know About Credit
By: Kailey Weiskopf & Emma Miller
Before You Apply
- You will build up your FICO score over time.
- If married, your spouses credit score will affect you.
- Be sure you will be able to pay off what you spend every month.
- Make sure you pay on time.
- Credit isn't a bad thing, but it can get you in a lot of trouble.
The Good Side of Credit
Card Rewards
- Most cards have different benefits for spending on their cards.
Better Identity Protection
- Its not directly linked to your stash of cash.
- If your account gets hacked, then it is easier to stop the person taking money and the card can get shut down quickly.
Less Cash
- Eliminates amount of cash you have to carry
- less hassle
- Quicker at checkouts
Downside of Credit
- It can give you TONS of debt
- If wallet is stole or lost, then your out of luck.
- Be sure to pay on time, OR ELSE!!!!
- If you don't pay on time, your FICO score will go way down.