What is Credit?

Credit is such a common part of our lives that you might not realize how often you use it.

• Do you use long distance to phone friends or family?
• Do you use a cell phone?
• Do you heat or cool your home?
• Have you bought a car?

Anytime you buy something or receive a service without paying cash for it immediately, you're using credit.

Other Common Types of Credit Include:

1. Credit Cards
2. Lines of Credit
3. Personal Loans
4. Home Loans