Credit gives people a false sense of wealth, and it’s easy to get into debt.
Almost everyone has to turn to credit at some point or another in their lives. To buy show tickets, a computer, a car, a house or even to invest.
Some people are very successful in managing their debts. But for others, it’s a difficult, almost insurmountable task. For them, credit can become a nightmare.
In this section you’ll find easy-to-understand information that’s based mostly on common sense. The goal is to give you tools to be able to get a handle on your personal finances and regain your confidence in the future.
- Make good use of credit: When used wisely, credit has its advantages.
- The main sources of credit: There are many ways to borrow.
- Credit cards: use these tools wisely: Credit cards can be friends or foes.
- The cost of credit: Interest adds to the cost of an item.
- Your credit rating: It’s similar to a grade on your financial report.
- How to reduce your interest costs: Stay in control of your debts.
- What to do about debt overload: What to do in an extreme situation.
- Tips from a financial planner: Best practices when it comes to credit.