By: Mickaela Nunziato
Section One: The basics of a credit
Section Two: Vocabulary Watch
Credit: A contractual agreement in which a borrower receives something of value now and agrees to repay the lender at some date in the future
Character: a conventionalized graphic device placed on an object as an indication of ownership, origin, or relationship
Section Three: What you need to know
Section Four: Don't fall into credit trap
2.Don't get a card for the promotional prizes.
4.Know the rules of your card.
5.Have your own rules for using the card.
6.Protect your credit rating.
7.Read the credit card statement as soon as it comes.
8.Use a card, pay the balance
.9.Forgo cash advances.
10.Know that card companies exchange information.
11.Don't just make minimum payments.
12.Be prepared to stand up for yourself once in a while.
13.Look out for those warning signals of too much debt.