Creditworthiness

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Credit Cards

► Can help build credit score

► Good for emergency situations

► Need to shop around when getting one

► Use responsibly

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How to Know Which is
Best?

► Quickly do a google search of “how to

determine which credit card is right
for me” and jot down 3-4 things to do
to figure that out

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Creditworthiness

Can I loan you money and have it paid back in a
responsible manner?

How is that determined? Credit Score

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Credit Score

► Payment history
► New Credit
► Amount owed on accounts
► Credit history length
► Types of credit

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Poor -
Exceptional

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Credit Checks and Credit Scores

Hard Hits

► Can impact your credit

score

► Applications for loans,

apts

► Can stay on credit report

for 2 years

Soft Hits

► Checking credit status
► Do not impact credit

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Debt and Credit

►

Need credit to buy big ticket items

►

Problem when you use credit and credit cards for everything and can’t pay it
back
►

Multiple credit cards with high interest rates makes it hard to pay each
month

►

What happens if you just skip it once or twice