Whether you're looking to buy a car, finance a house, or fund a child's education, your ability to borrow the money you need can help
you pursue your financial goals more effectively. In this session, you'll learn how to use credit wisely, how to recognize the
warning signs of credit overuse, and how to dig out of debt and stay out.
This session will help you:
Learn how a good credit rating can help you pursue your financial goals.
Understand the difference between borrowing for investment and borrowing for consumption.
Calculate your net worth.
Evaluate the cost of credit.
Maintain a good credit rating.
Like most people, you probably use different types of credit: mortgages, installment loans, and credit
cards. You'll get the most out of this session if you first make a list of the amounts you may already owe
and the interest rate applied to each loan and credit card.
Credit can be a powerful financial tool. It's
important, however, to know how to use credit
effectively. When should you save for a purchase,
and when is it appropriate to borrow? What is the
cost of credit? This session will help you
understand how to use credit wisely.