Once you have a credit card, you need to decide when and how to use it. Watch this video and answer the questions.
What are some “good” reasons for using your credit card to make a purchase?
What are some examples of “bad” reasons to use credit?
The previous video discussed a benefit of building good credit while you’re young. Many people get their first credit card when they’re in college, but they don’t know how to manage it well.
With so many Americans using credit (and with some of them late on their payments!), it’s important to understand the difference between a credit report and score. Watch and answer the questions.
What is a credit score?
What role do the 3 credit bureaus play in your credit history and score?
Now that you know a bit more about managing your credit wisely, why is it so important? Go online and research the benefits of having good credit.
What is the name given to the numerical rating that you receive based on your credit habits?
If Toni is trying to calculate her net worth, which of the following items would go on the liabilities list?
Each of the following plays a key role in determining your credit score EXCEPT: