Personal Finance

Towards a Healthier Financial Future

Topic: "Credit"

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Word of the week

Credit

Credit is money that you may borrow from someone (like a bank or credit card company). You must consent to repaying them on a predetermined timeline, typically with interest, by signing an agreement. The four basic types of credit: - Revolving credit - Charge credit - Instalment credit - Service credit Each serves a different purpose and works in a different way.

Learn more about credit and why credit scores are important →

← Curating the web to find the most interesting and helpful information about your money.