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Credit Reports and Scores
Okay class, can anyone tell me some things they know about credit reports and scores?
Credit is the promise to pay back a set amount of money!
Good! Does anyone remember the two types of credit that we talked about last class?
and open-end credit!
Good! remember not everyone can get credit, it depends on if lenders trust you will pay back the loan as agreed
Although you might not be using credit right now when you are older credit will provide long term benefits such as a buying a home, car, and higher education .
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