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Credit and Borrowing Odds are you probably won't have enough cash on hand to pay in full for a house when you're ready to buy one. Although most financial advisors will tell you to pay cash for a car, chances are you'll probably get a loan and end up making car payments. Today, you would be hard pressed to find someone who has never borrowed money to get something they wanted, whether it was through a credit card, an auto loan or a mortgage. Your credit and how you manage the money that you borrow is your responsibility. The way you handle debt can either make your life extremely easy or extremely difficult. It's your responsibility to understand your credit report and what's in it. This section is designed to help you learn what credit, credit reports, and credit scores are all about and how they can affect your life in a negative and positive way. Spend some serious time here so you can make the best use of this information. |