| Credit finance is about understanding credit and | | | | there are credit cards and loans. All these types of |
| knowing how to use it wisely. Many people jump into | | | | credit need to be used wisely. |
| credit without ever getting to understand it. This is | | | | A person's credit report is a record of their credit |
| why there are so many people suffering from credit | | | | history. Every new line of credit is reported there. |
| problems. The key to credit finance is taking credit | | | | The credit report will tell if a person makes payments |
| seriously and being responsible with it. | | | | on time to if they don't. It will tell about the types of |
| There are many different types of credit. Many | | | | accounts a persons has and their credit limits. It will |
| people do not even realize that some things can | | | | also show who has been looking at the person credit. |
| affect their credit. For example, utilities are a credit | | | | All of these things factor into what is called a credit |
| based expense. While they do not report positively | | | | score. The credit score is a huge factor in lenders |
| to a person's credit, they do report negatively should | | | | deciding if a person is credit worthy. |
| a person not pay a bill. Besides that type of credit | | | | |