What is Credit? Basics of Credit | Money Instructor скачать в хорошем качестве

What is Credit? Basics of Credit | Money Instructor

Learn what credit is and how it works, including the types of credit available and how to obtain it. Understand the importance of using credit responsibly and paying bills on time to maintain good credit standing and secure better interest rates and terms. Lesson presented in a entertaining kid friendly way. Credit 101. Definition of credit. Credit is the ability to borrow money or obtain goods and services with the understanding that payment will be made later. There are two types of credit: revolving and installment. To obtain credit, you typically need to apply and provide information about your income, employment history, and credit score. Having good credit allows for better interest rates and terms, making it easier to secure funding necessary for achieving your financial goals. However, it's essential to use credit responsibly and pay your bills on time to maintain a good credit score. Visit us at MoneyInstructor.com ➡️https://www.moneyinstructor.com/ For more credit and credit card lessons and lesson plans: https://www.moneyinstructor.com/credi... SUBSCRIBE TO OUR YOUTUBE CHANNEL: 🔔https://www.youtube.com/c/moneyinstru... RELATED VIDEOS: ➡️What is a Credit Card?    • What is a Credit Card? | Money Instru...   WEBSITE: https://www.moneyinstructor.com TWITTER:   / moneyinstructor   FACEBOOK:   / moneyinstructor   ------------------------------------------------------------------------------ #credit #creditscore #financialeducation #financialliteracy #finance101 #debt