When used wisely, credit can be a powerful financial tool. Learn about the best ways to use credit and avoid debt, and how to protect yourself from fraud, stolen cards, and other risks.
Resources & Tools
Credit is the ability to buy something now but pay for it later. Using credit can be incredibly convenient – but it can also be the source of financial troubles for people who have difficulty controlling their spending.
Credit also refers to your credit score – a number from 300-850 that tells lenders how creditworthy you are. The higher your score, the more attractive you are to lenders and creditors. Your credit score is based on your use of credit in the past and how likely you are to repay loans in a timely way.
Knowing how to manage credit and how to improve your credit score are essential skills for managing money and reaching your financial goals. In this section, you’ll find resources that can help you better understand credit, improve your use of financial tools, and repair your credit score. You’ll also find information on legislation and resources that can protect you as a consumer, along with helpful downloads for managing your credit score and financial health.