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Learn basic information about credit and credit reports


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 can be defined simply as taking a loan and repaying the money borrowed. The important thing to remember is when you borrow, you are legally bound, by the contract you sign, to pay back the money.

Your credit report reflects how well you repay your debt, meaning whether you pay on time and for the amount due.

The following resources may assist you in understanding the basics of credit and credit reports:

Credit report basics

Borrowing basics

Why credit reports are important

Review and understand your credit report


Heading Off To College Tasks

1. Managing your own money
2. Finding a place to live
3. Setting up your own banking account
4. Getting your first job
5. Using credit wisely while in school

Using credit wisely while in school Subtasks

1. Learn basic information about credit and credit reports
2. Establish a good credit reputation
3. Borrow for college wisely

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