Credit is a valuable financial tool. It allows you to buy more expensive items now while making small monthly payments.
Maintaining a good credit history and score will give you more flexibility when borrowing and typically lower interest rates. Credit can also be a dangerous tool if you borrow too much and don't develop a plan to repay your debt.
To protect yourself, make sure you read and understand all of the details in any loan or credit card agreement. In addition, avoid borrowing more than is necessary and have a plan to repay you debt.
Learn More About Credit and Debt
- Getting Help with Debt
Where to turn for help if you have too much debt.
- Building a Credit History
Tips on building and maintaining a good credit history.
- Credit Reports and Credit Scores
What you need to know about credit reports and scores.
- Dealing with Debt Collection Agencies
Know your rights when it comes to debt collection practices.
- Protect Yourself from Credit Fraud
Tips on how you can protect yourself from credit fraud.
- Evaluating Credit Offers
How to evaluate credit offers and what to look for.
- Credit Terminology
Common credit terminology you will come across.
- Debit Card FAQs
Answers to frequently asked questions about debit cards.