Credit Newsletter Project

Samuel kiengsadaphone period 7/8

The types of credit

  1. Credit card
  2. Loans
  • Student loans
  • House loans
  • Car loans

Credit Card

A plastic card issued by a bank, business, etc., for the purchase of goods or services on credit which has its credit limit. You can use it anywhere where there is a card swipe. It is good for extra money, the bad end is that the credit Bureau charge you for the credits you borrowed, but if you go over the limit you get an over limit fee.

3 vocab words

  1. Credit a point system that determines weither you are in dedt or you are good and out.
  2. Lenders People that lend you money
  3. personal loans borrowed money for personal thing as in homes, cars, and school.

Credit

Credit is basically a point system which gets you good or bad credit depends on how you use it. They come in many forms like personal loans and credit cards. The costs are associated with credit is the credit score you get. Your Creditworthiness and your credit report determines if someone gets credit and how much they get.

Safe way to use Credit

Get a credit card that wont go over its limit is a great start, and when you use it make sure you are able to pay them back before you borrow credit from them, and also don't sign up on ads or you might regret all they collect from you, and you'll be good.