Do you have questions regarding your credit score? Understanding your credit can be difficult, but it is one of the most important things you can learn to set you up for financial success. To get answers for some of the questions that you may have about credit, continue reading.

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What is credit?

You may be asking “What is a credit score?” Credit refers to an agreement between borrower and lender or an individual’s credit history. Credit scores range from 300-850 with 850 being the best. Why is it important to start building credit? It determines what rates you can get on a mortgage, car loan, and any other type of loan. It is very important to build a strong and healthy credit score. Read more in depth about your credit and how to build your credit.

How do I manage my credit score?

Starting or building your credit can feel overwhelming, but there are steps you can take now to begin your credit journey the right way. These steps include:

  • Making on-time payments
  • Striving for good credit utilization
  • Being responsible with your credit

Everyone has a different credit journey. You will not build your credit overnight but having the right financial habits now is important.

What is the difference between a credit card and a debit card?

Your credit card and debit card function and look alike, but they provide different benefits. Credit cards work like a portable loan based on your credit line, which is a fixed amount you can borrow from the issuer and have access to repeatedly as you use and pay down your balance each month. On the other hand, debit cards are connected to your checking account, meaning money is taken directly from your bank account to pay the merchant when you make a purchase. Credit cards can work to your advantage when you use them responsibly and repay them on time. Learn how utilizing your credit card can benefit you.

Taking a dive into the world of credit can be scary, but with the right tools you will be on your way to financial success. Learn more about credit by visiting our education center on