What is credit?
Credit is borrowed money that you can use to purchase things when you need them and then repay the funds back at an agreed on time. Services can also be paid for on credit such as cable and telephone services. For example, if you use telephone or cable services for a month or two and then pay for them at the end of that period, you are receiving services on credit. Common types of credit include mortgages, auto loans, personal loans, and lines of credit, such as credit cards. How to build good credit? Click here.

How to repair credit yourself? Click here.

You have a right to request one or two free credit reports per year (depending on the State) from the three credit reporting agencies by visiting (credit scores are not included) or

Experian 1-888-524-3666
Equifax 1-800-685-1111
Trans Union 1-800-916-8800

Click here to read about President Obama’s Credit Card Act.