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Credit
What exactly is credit? How do you get good credit? Where does bad credit come from?
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good credit is when you have a loan or loans if you pay them on time you get good credit such as a score of 600 or more if you dont pay your loans off and on time you get bad credit score of 500 or lower. i hope ive help you.
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Credit is basically borrowing money and promising to pay it back. Nothing is taken out of your bank account (unlike a debt card) but you are sent a bill which you have to pay. To keep your credit good all you have to do is pay all your money back by the time it's due. Once you start sending in late payments or not paying, your credit goes down and you start to have....bad credit. And if that gets too bad then that's when you've but yourself in a situation where someone might not want to sell you a car, cell phone, house, etc. They look at your credit report (I think that's what it's called) and if you don't pay other people back when you're supposed to and have bad credit they think "I probably won't get my money either."
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