Workbook: Want Credit to Work for You (CFPB)
By The Consumer Financial Protection Bureau (CFPB)
Want credit to work for you?
Credit is the ability to borrow money and repay it later. When people talk about having “good” or “bad” credit they’re usually talking about their credit history or scores. Knowing how credit histories, reports, and scores work can help you take steps to build a positive record.
That positive record can help you reach your goals by potentially lowering costs for borrowing money and paying deposits on utilities and cell phones. It can also reduce barriers to housing and employment.
These tools can help you get started.
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