Winning The Credit Game

1

Winning The Credit Game
2
What is Credit?

• Use of other peoples money to pay for things
• You must be 18 in NYS

3
Types of Credit

• Credit Cards
• Auto Loans
• Mortgage Loans

4
Where Can You Get Credit?

• Credit Union
• Bank
• Auto Dealer
• Department Store

5
Why Have Credit?

• Use in emergencies
• Safer than cash
• Purchase Online/Phone
• Establish Credit History

6
Cost of Credit

• Interest
• Credit History

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How to Have Good Credit

• Pay Bills on time / ahead of time
• Pay more than the minimum payment
• Do not use credit if you cant afford to pay
  current bills
• Be careful of cosigning for others
• Read the fine print
• Check Your Credit Report

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Disadvantages of Credit

• Too Much
• Bankruptcy
• Cant afford to save
• Cant get future credit

9
Help for Credit Trouble

• Contact the
• creditor to make
• arrangements
• CCCS debt
• management
• program