Establishing and Managing Credit

Credit is the ability to purchase things today that you pay for over time.  You pay lenders (creditors) according to a payment schedule - usually with interest - in amounts you can afford.  Works for them.  Works for you.  The ability to manage credit responsibly translates into a credit score used by banks, insurance companies, service providers, and others to determine your credit worthiness.  Even employers will sometimes consider an applicant's credit history in the hiring process.


If you have a good credit score, you'll almost always qualify for the best interest rates, and you'll pay lower finance charges on credit card balances and loans. The less money you pay in interest, the faster you'll pay off the debt and the more money you have for other expenses.

 
The interest rate is one of the costs you pay for borrowing money and, often, the interest rate you get is directly tied to your credit score. If you have a good credit score, you'll almost always qualify for the best interest rates, and you'll pay lower finance charge on credit card balances and loans. The less money you pay in interest, the faster you'll pay off the debt and the more money you have for other expenses. 

Key Points to Help Establish Good Credit

Contact

Bayshore Ford Truck Sales

4003 North DuPont Highway
Directions New Castle, DE 19720

  • Sales: (302) 656-3160
  • Service: (866) 427-0565
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