What is credit?
Credit lets you borrow money or use a service now and repay it later, often with interest.
MONEY BASICS
Credit
Credit can help you reach goals, but it comes with responsibility. Learn the basics before you borrow.
Credit scores
A credit score is one way lenders evaluate credit risk. Payment history and how much of your available credit you use can matter.
Credit cards
A credit card is not free money. You generally owe what you borrow, and carrying a balance can lead to interest charges.
Build good habits
Pay bills on time, understand the terms, and only borrow what you can realistically repay.
Money Smart tip: A credit card should be a tool—not an excuse to spend more than you can afford.