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Credit; friend or fiend?

Credit; friend or fiend?. By: Kelsey K. Lawyer. What is the History of Credit?. Advantages of Credit. Allows you to buy a home or a car Potential employers can base their assessment of you on how well your credit is The better you credit the lower rates you pay

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Credit; friend or fiend?

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  1. Credit; friend or fiend? By: Kelsey K. Lawyer

  2. What is the History of Credit?

  3. Advantages of Credit • Allows you to buy a home or a car • Potential employers can base their assessment of you on how well your credit is • The better you credit the lower rates you pay • You can get what you want now instead of waiting until you have all the money to purchase it. • You can slowly pay for something you never thought you would have

  4. Disadvantages of Credit • Can become an addiction • You pay much more than the item is worth through interest • If you miss payments then you’re original rate may go up, making you pay more than you first thought • If you can’t make the payment it ruins your credit score and lose the item • Your credit score takes years to repair • Finally, if credit is mishandled it can potentially lead you into debt

  5. Terms and Descriptions About Credit • APR (Annual Percentage Rate) • Grace Period • Fees • Credit Limit • Rewards

  6. A Golden Credit Card

  7. Information About the Discover More Master Card

  8. My personal Theory on Credit

  9. “Wish List: Buy now, pay later” (and what it really costs). MUCH MUCH MUCH LATER!

  10. Special Add-ons to the Mini Dream

  11. Continued

  12. References • http://inventors.about.com/od/cstartinventions/a/credit_cards.htm • http://proquest.umi.com.libsrv.yvcc.edu:2048/pqdweb?index=1&did=1564313731&SrchMode=1&sid=1&Fmt=3&VInst=PROD&VType=PQD&RQT=309&VName=PQD&TS=1225312862&clientId=8341 • http://proquest.umi.com.libsrv.yvcc.edu:2048/pqdweb?index=2&did=1576130631&SrchMode=1&sid=4&Fmt=3&VInst=PROD&VType=PQD&RQT=309&VName=PQD&TS=1225313714&clientId=8341 • http://www.miniusa.com/#/build/configurator/minis-m

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