Using Credit Wisely

Learn to Use Credit Wisely

Source: HSBC - What You Should Know About Using Credit

Most of us are familiar with credit. We have credit cards, a car payment or a home loan. We might have financed our education with student loans.

The problem is that, for many of us, we never learned to use credit wisely. Without a sound credit education we can often jeopardize our credit standing and get into trouble.

The American Fair Credit Association has looked high and low across the world wide web to compile this list of exceptional credit education resources. Please feel free to use it to begin or enhance your credit education.

What You Should Know About Using Credit (eBook, PDF) – HSBC Bank provides a good, basic overview of credit; what it is and the most common ways you’re likely to use credit, loans and credit cards.

Excerpt: Chances are you’re familiar with credit. It’s a convenient way to make purchases—from small, regular ones like groceries to large, unique ones like homes or cars. But you may not be sure what happens when you use a credit card or take a loan, the two most common examples of using credit. Learning more can help you cut costs and avoid using more credit than you can afford…

The “Using Credit” ebook is one of many consumer financial education resources that HSBC makes available at

Money Matters from the FTCMoney Matters – The Federal Trade Commission (FTC), the nation’s consumer protection agency, created this website to help you tackle some money issues head-on.  Different topics discussed in the link include: Scam Watch, Credit Cards, Managing Your Money, Dealing With Debt, Your Home, Jobs.

The Money Matters site includes several public service announcements (PSAs) pertaining to consumer credit. Listen in…

Consequences (:15)

Illegal Fees (:15)

Payment Plan (:15)

Government Program Scam (:15)

No Guarantees (:15)

Debt Collection (:30)

You can listen to more audio PSAs that deal with debt, your home and jobs on the Money Matters Audio page.

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