David Heusel

Credit basics

You use Credit to pay for things that you will pay for at the end of the mouth when you get your money. You need to have creditworthiness for the company to trust you with giving you a Credit Card witch can be used to buy things that you will pay at the end of the month. At the end of the moth you get a Credit Report that tells what you put on the credit card. If you don't pay the full price at the end of the month extra money will be added on also know as Interest. The Credit Burro is the place that lends or borrow you the money that you take out with the credit card or personal loan. A loan is money that is given to you, and you pay back over the course of time. The records of how often you pay your credit car is a credit score a low score can impact the loan process in the future.

Other Things to be aware of.

Your Credit Limit is the amount your credit car will let you take out in the mouth. That does not mean you should go to the top of limit. There will be late fees, and that can effect your Credit Score. The score can impact your Creditworthiness to take out loans on big future things you want to buy.

Credit Card Basics

The Credit card is where you put your credit that you will pay at the end of the month. You can find them at any bank or at stores, but be sure to check all the types of fess you can get. A annual fee can be added to the amount you owe to give the bank a profit from your credit card. If you don't pay the full bill at the end of the month you can get a penalty fee that will add more money to what you owe. Interest which adds a percentage that was on the contact you signed. You card has a credit limit, and that is the mark you can't go over. Over-the limit fee will add money to how much you go over. Being a consumer you need to know how can be charged for fees, and how high they can get.

Ways to stay safe under credit cards.