1. Credit Scores

2. Credit Scores
3-digit number representing how likely you are to pay back your debts
Helps banks measure how risky it is to loan you money
Credit score is checked when buying car/ house; when getting CC; sometimes for phone/ phone plan; applying for jobs

3. Checking Credit Scores
Score below 500: very poor
700+: excellent (680 score will usually qualify you for most loans)
Should check your credit report at least 1x per yr (can do this for free)

4.  /  of Credit
On 70L, come up with 3 PROS (advantages/ benefits) of using credit and 3 CONS (disadvantages/ dangers) of using credit.