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Credit is an easy way to purchase goods and service.
Credit Score is a rating on how well you pay your fees.
Credit Bureau is a company that collects information from various sources and provides consumer credit information on individual consumers for a variety of uses.
Credit Report is a report that shows purchased history.
Interest comes when you don't pay or you pay some of the
What are the forms of credit?
Personal loans, secured loans, unsecured loans, installment loans, and last but not least is the most popular, the credit card.
Lenders are also available.
What determines if someone gets credit and how much they get?
Character- are you trustworthy
Capacity- are you going to pay it on time
Creditworthiness- what’s your history
Collateral- what do you have to take
A plastic card you can use to purchase goods and services monthly.
There are annual fees to credit cards too.
Where can you use credit cards?
Anywhere you can swipe the card.
What are the benefits and costs of using credit cards?
Credit Cards are convenient but you have to check if your responsible and you have to fix your problems.
only use secure browsers
pay more than the minimum
don't max out
no late fees