Office of Financial Empowerment
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Credit Basics


WHAT IS CREDIT?
When you use credit, you are borrowing money with a promise to repay at a later date.  Credit is not free.  It allows you to buy things when you don't have cash, but you will be charged interest and fees.
Learn about the three types of credit
How to start building or reestablishing your credit

WHAT IS A CREDIT REPORT?
The first thing any lender checks is your credit report.  Some employers and landlords will look at your credit history when considering you for a job or apartment.  Find out what goes into your credit report and score, and how you can get a FREE credit report.
Learn about your credit report
Learn about your credit score
Beware of credit repair scams

GET CREDIT HELP
Managing your debts responsibly helps you build a good credit rating.  If you're having difficulty repaying debt or managing your credit, credit counseling can help you pay down debt to avoid bankruptcy, design a spending and savings plan, and more.
Ways to improve your credit score
Three signs you need a credit counselor