credit

Горка: 1
Debt and credit can seem confusing really easily but once you look into it its actually pretty simple.
Im thinking about getting my first credit card but don't know how debt and credit even works, do you?
Горка: 2
Is there anything else I should know?
The last thing I'm gonna tell you is that is it really important that you keep your credit score high!
Whys that???
A high credit score will really help you down the line. It will help you get approved for loans for bigger things like your first house or a nice car
Горка: 3
Well everybody starts with a credit score of zero. Its a good idea to put things on your credit card at first that you know you will be able to pay off. This could be something like just getting gas on that card.
That will help you build credit, a high credit is helpful/attractive when trying to buy big purchases and apply for loans
Debt is money that you borrowed from the bank that you need to pay back. Paying back your debt looks good on your credit score.There are two ways to pay back debt. The 1st is the snowball method, this means that you focus on the debt with the largest amount first. The 2nd method is the avalanche method. This means that you focus on the debt with the highest interest rate.
What can you tell me about debt?

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