Bureaus/ Banks consider the number of credit accounts, outstanding debt, collections accounts, and bill paying habits to create your score.
Which of the following is an advantage of credit?
Being able to spend free money
Emergency fund back up plan
Paying interest to the bank
Which of the following is a disadvantage of using credit?
Credit card fraud
Credit card rewards
Your monthly electricity bill is considered to be what type of credit?
What allows you to purchase something right now that you are unable to pay for upfront?