BYU Personal Finance Course -- Chapter 5 -- Credit: Understanding And Using It Wisely

BYU Personal Finance Course -- Chapter 5 -- Credit: Understanding And Using It Wisely 

Papa's takeaways:

• Papa needs to provide contact information for three credit agencies (telephone numbers, e-mail addresses, and mailing addresses)
• never carry credit on credit cards
• if one uses debit cards, have two bank accounts with debit card linked to only one bank account
• keep bank account linked to debit card very, very low
• "park" money in high-earning cash accounts; possibly high-earning equity / bond accounts
  

Link here.

Begins on page 108 / 119 of 352. 

Objectives:

• understand credit bureaus, credit reports, credit scoring
• understand the principles of using credit wisely
• understand the correct uses of credit cards
• learn how credit cards work and how to manage credit
• understand and create your credit plan

Understand credit bureaus, credit reports, credit scoring

Understand the principles of using credit wisely

 

Understand the correct uses of credit cards

 

 

Learn how credit cards work and how to manage credit

understand and create your credit plan