What is Credit?

What is Credit?

Much of the US runs on credit.

• College Loans

• Car Loans

• Mortgages

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​Credit

A credit score is your financial reputation.

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​Credit Score

A way to make purchases, or give you a high purchasing power.

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​Credit Cards

Credit is the money you make in the future.

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​Credit = More Money ?

Payments made to rent or other necessary bills

Fiance Charge

​The amount charged

Principal

Additional charge placed on money you borrowed

Interest

The length of time you have to pay something back

Term

Match

Match the following

• finance charge

• principal

• interest

• term

payments made to rent or other necessary bills

​the amount charged

additional charge placed on money you borrowed

the length of time you have to pay something back

• payments made to rent or other necessary bills

• ​the amount charged

• additional charge placed on money you borrowed

• the length of time you have to pay something back