Credit is an incredibly important factor of your financial health, but many of us shy away from looking at it, talking about it, or maintaining it. Don’t let this be you! Whether you’re new to credit, looking to fix it, or need to discuss credit with your children, the following advice is for you.

What is credit?

Let’s start at the very beginning-what is credit? According to Experian (one of the three credit bureaus of the country), credit is the ability to borrow money with the understanding that you’ll pay it back later. Credit can be in the form of credit cards, retail credit cards, personal or vehicle loans, student loans, mortgages, service credit and more.

Did you know? 79% of Americans have at least one credit card in 2020.

What’s a credit score?

A credit score is how you’re graded on your “credit…

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