Credit News Letter

Emily Tragarz


Credit is The ability to obtain goods or services before payment, based on the trust that payment will be made in the future: "unlimited credit". To obtain credit you must demonstrate your reliability to pay back a loan. If you don't Pay your loan back your credit score will raise. Along with paying for your bill at the end of the month the credit card company puts interest on your bill. To own a credit card you must have good credit, defined below, and be able to pay it off. You may use a credit card where ever you can, the bennifets are they are easy to use and easy to pay off if you are able to.

Ways to stay safe- Be aware of how you can pay it off. Understand your limit. Have a credit plan.



● Credit Score-

A number representing a persons credit worthiness.

● Credit Bureau

A company that collects the credit ratings of individuals and makes them available to credit card companies, financial institutions, etc.

● Credit Report

Credit history or credit report is, in many countries, a record of an individual's or company's past borrowing and repaying,...

● Creditworthiness

How worthy you are of a credit card

● Interest (APR)

Money added on to a bill.

● Lender

The people who loan you the money.

● Credit Cards

A card that replaces money for the moment.

● Personal Loans