Word of the Week:
Credit

Definition: Credit is your financial reputation. Your credit history describes your record as a borrower, including whether you've generally paid bills on time or not.

Key Takeaway: Credit is important because it can affect your ability to obtain loans or even get hired for a job.

Challenge: Build good credit by repaying the money you spent on time.

Fun Fact: Two of the main credit bureaus are Equifax and Experian. They both started as groups of business owners who decided to share notes on which of their customers weren't paying their debts.