How to Get Credit and Keep It

By Kalon Penagraph

What is Credit?

Credit is when goods, services, or money is received in exchange for a promise to pay a definite sum of money at a future date.

Why is good credit important?

Credit helps you buy expensive things before you actually have the money. Having a good credit helps you buy an house, buy a car, starting a business, getting lower interest rates, and even getting a job.

3 Habits to show the lender you would be a good credit risk?

Credit Score

A credit score is a number that strongly indicates to lenders and creditors how likely you are to pay back the debt you owe, based on your past borrowing behavior. The higher your score, the more likely you are, in their eyes, that you will pay back the money you borrow.
A good credit score is 881-960. An excellent score is 961-999. A poor score is 561-720. An very poor score is 0-560.
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How can you improve your credit score?

How do you maintain a good credit score?