Learning to Use Credit

Learning to Use Credit
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  • Learning to Use Credit!
  • Credit cards are when you receive money, goods, or services in exchange for your promise to pay back that amount of money in a future date.
  • Sure,  I can teach  you about them. 
  • Hi mom,  I  want to open an account and have my own credit card, but before I do can you tell me more about them.
  • Yes, there is two types of credit, open-end credit and closed-end credit.
  • I've heard that there are two types of  credit.
  • Open-end credit is an  extended line of credit  established in advance,, which means that you don't have to pay every time.
  • While closed-end  credit is  a loan that needs to be paid in a certain amount of months .
  • The reason why people choose credit is because it is more secure at times. 
  • Why do people choose  to  use credit?
  • One of the best times to use a credit is  when online shopping. There is more  protection  against fraud debit cards.
  • Where are some times  when you found it best to use a credit card.
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