The basics of credit.
Basics of credit.
-Credit makes buying things easy & convenient.
What are the forms of credit?
-Bank, commerce, consumer, investment, international, public, lender, personal loans, & real estate.
What costs are associated with credit?
-Includes interest, arrangement fees, & any other charges.
What determines if someone gets credit & how much they get?
-Credit report will determine both; credit score, & how much they can get.
Credit Cards: What you need to know.
-A piece of plastic given to you by a bank, to buy things. Makes buying things easy.
Where can you use credit cards?
-Anywhere they are accepted.
What are the benefits and costs of using credit cards?
-Sometimes you can get rewards for using it. The costs are rates, APR, and annual fees, over-the-limit fee, penalty fees.