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Credit Scores
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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
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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)
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/ of Credit On 70L, come up with 3 PROS (advantages/ benefits) of using credit and 3 CONS (disadvantages/ dangers) of using credit.
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