Office of Financial Empowerment
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Understanding Loans

AN INTRODUCTION TO LOANS
A loan is money you borrow for a specific reason and agree to repay at a later date (usually with interest).  Most people will take out one or more forms of loans in their lifetime, so learn about loans now to become a savvy borrower.
Words to know when it comes to loans
How to read the fine print in loan agreements
Top five loans to avoid
Get quick tips about: auto loansstudent loanscredit cardsmortgagespayday loans, and refund anticipation loans
Improve your credit score to get better rates on loans

PAY OFF YOUR LOANS
Getting a loan may be easy, but what about repaying it?  If you're struggling with debt, don't panic.  Learn ways to reduce your debt or seek a credit counselor's help to manage your debt.
Five tips to reduce your debt
Three signs you need a credit counselor
File a complaint against a debt collector

WHAT YOU NEED TO KNOW ABOUT CREDIT CARDS
Making purchases with a credit card is easy now that so many businesses accept credit card payments.  However, it is money that you must repay.  Learn how to use your credit card wisely to avoid debt problems.

Learn about the key protections of the Credit Card Accountability Responsibility and Disclosure (CARD) Act


 

Common credit card terms
How to read a credit card statement
How to use your credit card wisely
Improve your credit score to get lower rates on your credit card
Protect your identity against credit card fraud