Credit Scores
Credit Scores 3-digit number representing how likely you are to pay back your debts Helps banks measure how risky it is to loan you money Credit score is checked when buying car/ house; when getting CC; sometimes for phone/ phone plan; applying for jobs
Checking Credit Scores Score below 500: very poor 700+: excellent (680 score will usually qualify you for most loans) Should check your credit report at least 1x per yr (can do this for free) https://www.youtube.com/watch?v=YzkBhfbwRkg
/ of Credit On 70L, come up with 3 PROS (advantages/ benefits) of using credit and 3 CONS (disadvantages/ dangers) of using credit.