Credit Newsletter

Education on credit

The Basics of Credit

Credit is a way to buy what you want and when you want, but is not free money. There are different types of credit like student loans, personal loans, and credit cards. To apply for these loans one needs to view their credit report from the credit bureau to view your credit score. In order to have a good credit score lenders need to see that you follow the four C's of credit: Character, Capacity, Creditworthiness, and Collateral. Credit cards are a big part in credit and if mistreated the interest rate would start increasing that would lead to more money out of your pocket.

Credit Card: What You Need To Know

A credit card is card that is used to pay off big balances, and could be used anywhere. With a credit card comes great responsibility. Having a credit card means dealing with a lot of fees such as annual fee, penalty fees, and over-the-limit fees. With a credit one needs to be careful not to go over the credit limit.

Smart Consumers: Don't Fall Into The Credit Card Trap

Tips for good credit
  • Be safe and smart about your credit
  • Keep personal information to yourself
  • Make sure to use a secure browser