Credit

Learn How Credit Works

Credit is having buying power ahead of time when you may not have money immediately to cover a purchase. This is most seen with real estate, cars, and college. Of course, having a credit card is the most common example of using credit in everyday life.

Having a good credit score is necessary for receiving the best rates when taking out a loan, such as for a mortgage on your dream home. Some service providers and places of employment will check your credit score to determine if they'll work with you or consider you for employment.

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