credit project

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Storyboard Text

  • Thank you for coming to help me. I was buying furniture with credit but apparently I maxed out my card! What does that mean?
  • When you max out your card, it means you used the maximum amount your card provider allows.
  • Is that bad?
  • Yes, it can lower your credit score.
  • What is a credit score?
  • A credit score shows how likely you are to repay a loan or credit. It can range from 300-850.
  • What can cause it to change?
  • Many things actually, such as not making minimum payments when borrowing money, opening multiple accounts or like you did, max out your card.
  • Thank you! I'll keep track of how much I spend this time, bye!
  • Bye!
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