Understanding Credit

by Thompson, Helen

• ISBN13: 9781422218914
• ISBN10: 1422218910
• Format: Paperback
• Copyright: 2010-09-01
• Publisher: Mason Crest

Summary

Credit is essentially borrowed money. When you use a credit card or take out a loan, you are agreeing that you will borrow money now and pay it back later.

Table of Contents

Introduction	p. 6
What Is Credit?	p. 8
Why Do You Need Credit?	p. 10
Different Kinds of Credit	p. 12
Car Loans	p. 14
Student Loans	p. 16
Credit Cards	p. 18
Mortgages	p. 20
Other Loans	p. 22
Good, Bad, & Nonexistent Credit	p. 24
Building Good Credit	p. 26
A Nontraditional Credit History	p. 28
Managing Your Credit	p. 30
What's a Credit Report?	p. 32
What's a Credit Score?	p. 34
Check it Out	p. 36
What if There's a Mistake?	p. 38
Why Does it Matter?	p. 40
Protecting Your Credit: Paying Your Bills	p. 42
Protecting Your Credit: Budgeting	p. 44
What's Identity Theft?	p. 46
The Dangers of Credit	p. 48
What if You Have Bad Credit?	p. 50
Raising Your Credit Score	p. 52
Living Without Credit Stress	p. 54
Here's What You Need to Remember	p. 57
Words You Need to Know	p. 58
Further Reading	p. 60
Find Out More on the Internet	p. 61
Index	p. 62
Photo Credits	p. 63
About the Author and Consultant	p. 64
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