Judson Credit Assignment

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  • Do you know what credit is?
  • Credit is when you get something now but don't have to pay for it till later
  • No I don't thanks for explaining it to me! How do i obtain credit?
  • Here are some examples of how you can get credit.  1. Bank  2. credit card 3. private mortgage  4. insurance agent
  • What is "interest"
  • But there is a "catch" you cant forget about the interest. 
  • I think i'm starting to get it!!
  • Interest is the money you have to pay the bank back for the money you spent when you used your credit card. 
  • no what is that??
  • Do you know about the dead beat method?
  • 1. wait a couple days for your bill. 2. have the amount of money saved that you need to pay back to the bank. by doing this you  1. owe bank no interest 2. use your credit owned 3. points back - bank pays you to use the credit card.
  • glad i could help!
  • Thanks for teaching me about credit 
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