Credit Savvy: A Pathway to Financial Literacy for your Future. What is Credit?

Credit is essentially a loan that allows you to borrow money now and repay it later, often with interest. Think of it as a financial tool that can help you achieve your goals.

How Credit Works

Credit Agreements: When you borrow money, you agree to specific terms. These terms outline when you'll make payments, the amount due, and any interest or fees involved.

Credit History: Your credit history is a record of how you've borrowed and repaid debt. It's a crucial factor in determining your creditworthiness.

Building Credit: A strong credit history can open doors to better financial opportunities. It can influence your ability to borrow, secure insurance, rent a home, or even find employment.

Let's dive deeper into the world of credit and explore how you can use it wisely to build a brighter financial future.