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Identify appropriate sources of credit and how you will use them


Life’s Financial Journeys

Heading Off to College
Getting Out on Your Own
Blending Two Lives
Having a Child
Emptying the Nest
Entering Retirement
Divorce
Death of a Life Partner
Military Life


Credit is available everywhere today. However, not all lenders are created equal. Often, the easiest place to obtain credit is the most expensive place to obtain credit.

The following resources may assist you in identifying appropriate sources of credit and how you will use them:

Credit Vs. Debit Cards

Compare the Sources of Consumer Credit

The True Cost of Paying Only a Credit Card Minimum Payment

Managing Credit Card Debt


Getting Out on Your Own Tasks

1. Finding housing
2. Building credit access and usage
3. Reaching financial goals
4. Setting up a spending plan
5. Getting properly insured

Building credit access and usage Subtasks

1. Learn about credit reports and credit scores
2. Take steps to strengthen your credit reputation
3. Compare revolving and installment credit
4. Decide how much credit you can afford right now
5. Identify appropriate sources of credit and how you will use them

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