Credit Project by javier aponte https://padlet.com/aponteja/91snh8v76ohs It shows that you can handle the responsibility of credit en-us 2018-02-23 13:01:44 UTC 2018-04-24 12:58:18 UTC hello@padlet.com Types of Credit aponteja https://padlet.com/aponteja/91snh8v76ohs/wish/234659400 Trade Credit: Company receives goods from a supplier and pays for them later (businesses use this)
Loan Credit: Borrow money to use for a special purpose
Installments: Borrower agrees to repay loan in specified amounts
Sales Credit: Using your card to make purchases

]]> 2018-02-23 13:03:19 UTC https://padlet.com/aponteja/91snh8v76ohs/wish/234659400 Credit Cards aponteja https://padlet.com/aponteja/91snh8v76ohs/wish/235312778 Wells Fargo
Discovery
Visa
MasterCard
American Express
Bank of America

]]> 2018-02-26 12:50:05 UTC https://padlet.com/aponteja/91snh8v76ohs/wish/235312778 3 C's of Credit aponteja https://padlet.com/aponteja/91snh8v76ohs/wish/235318836 Character: Pay bills on time
Capacity: Ability to pay debt when it is due
Capital: Value of the borrower’s possessions]]> 2018-02-26 13:08:05 UTC https://padlet.com/aponteja/91snh8v76ohs/wish/235318836 Information about Loans aponteja https://padlet.com/aponteja/91snh8v76ohs/wish/235320527 Installment Loan: Monthly payments in specific amounts over time
Single Payment loan: Don’t pay anything until end of loan period
Promissory note: Written promise to repay based on a debtor’s excellent credit history]]> 2018-02-26 13:12:45 UTC https://padlet.com/aponteja/91snh8v76ohs/wish/235320527 Pro's and Con's or credit https://padlet.com/aponteja/91snh8v76ohs/wish/235849487 Pro's: Convenience makes it easy to buy without carrying cash. You may also save special sales using credit. Building up you credit score may help if you pay bills on time.If you have and emergency and you don't have sufficient cash using a credit may help.

Cons: Overbuying on things that you may not be able to afford.Thinking that since you have a credit you will buy things that you don't need.Sometimes paying the cash can be cheaper when you get gas. But in use of a credit the price is higher. Paying to many payments can become a problem.]]> 2018-02-27 13:37:34 UTC https://padlet.com/aponteja/91snh8v76ohs/wish/235849487 Actions to establish credit aponteja https://padlet.com/aponteja/91snh8v76ohs/wish/235850950 Practice with grades and attendance, these trends carry on in life. Keep a balance in checking and savings account. 

Make purchases with cards. Good part-time or full-time job. Other personal financial information]]> 2018-02-27 13:40:08 UTC https://padlet.com/aponteja/91snh8v76ohs/wish/235850950 Credit bureau and its reporting agencies https://padlet.com/aponteja/91snh8v76ohs/wish/236961951 The main purpose of a credit bureau is to gather information on credit users and report the facts in the credit report that sells to businesses that offer credit.
It also sells information to businesses offering credit,such as banks,finance companies, and retail stores.It creates a credit report showing debts owed how much credit is used and whether debts are paid on time.The highest FICO score is 850.

]]> 2018-03-01 15:26:38 UTC https://padlet.com/aponteja/91snh8v76ohs/wish/236961951 Credit Fraud aponteja https://padlet.com/aponteja/91snh8v76ohs/wish/236972721 Credit card fraud is a wide-ranging term for theft and fraud committed using or involving a payment card, such as a credit card or debit card.

Ways to avoid Credit Fraud is make strong passwords and keep them safe, Review your billing statements each month, and don't sign blank credit card receipts.]]> 2018-03-01 15:40:39 UTC https://padlet.com/aponteja/91snh8v76ohs/wish/236972721 Credit Reports https://padlet.com/aponteja/91snh8v76ohs/wish/236974282 It's a way for you to perfersonally track your credit These are your credit accounts. Lenders report on each account you have established with them. They report the type of account (bankcard, auto loan, mortgage, etc), the date you opened the account, your credit limit or loan amount, the account balance and your payment history.]]> 2018-03-01 15:42:32 UTC https://padlet.com/aponteja/91snh8v76ohs/wish/236974282 FICO Score and Factors aponteja https://padlet.com/aponteja/91snh8v76ohs/wish/237367418 Good ways to maintain a good Credit Score is Pay your bills on time, don't open up too many accounts, keep balances low, and establish a credit history. The better the score, the better the rate you will get from lender.]]> 2018-03-02 12:56:08 UTC https://padlet.com/aponteja/91snh8v76ohs/wish/237367418