Credit
A Credit score ranges from what to what?
What is 300 to 850
Spent on things that lose value or create no long term benefit(excessive credit card spending)
What is bad debt?
Total Time your credit accounts have been opened is known as
What is credit age or history
This kind debt helps you build your future
What is good debt
This shows how much of your available credit you are using.
What is credit utilization
Money that you borrow and must pay back- usually with intrest
What is Debt?
Paying small balances first then moving on to larger balances is called.
The snowball method
Creating a plan to control, reduce,and eventually eliminate the money you owe, while staying financial stable
What is debt management
The ability to borrow money or access goods and services with the understanding that you will pay later.
What is credit.
The cost of borrowing money or what the lenders charges you for using their money.
What is Interest.