What is credit?
Credit is the ability to get goods or services before payment — based on trust that payment will be made in the future.
Why is it important?
Credit allows you to access what you need now as opposed to saving up and paying cash. Being smart with your money doesn’t mean avoiding credit. It’s about meeting your obligations timeously to maintain a positive credit history. When you do this, you access opportunities for more credit at better interest rates and move toward reaching your major goals.
What are examples of credit products?
Now, what’s next?
Where are you in your credit journey?
- I need to start
- I’ve started but need to improve
Budget
Build
Manage
Monitor
Monitor
Plan
Manage