Using credit wisely is a critical skill in managing your finances. The previous chapters have demonstrated the high cost of credit as well as the utility of having access to credit. In some cases, such as buying a home, having credit is almost always a necessity. This chapter will help you make good choices about how and when to use credit.

A sample credit report will be reviewed and the sections will be identified and explained. An overview on credit repair and building a credit history will be provided, along with information about consumer credit agencies. Participants will learn the different types of loans available, how to choose and use a credit card wisely, the difference between an unsecured and a secured loan, and the difference between a revolving and installment loan.

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