Friday, May 16, 2014
5-16-14 weekly
This week we learned more about banking and credit. We learned that there are three important major credit bureaus. The three are Transonian, Equifax, and Experian. Some types of credit are secured loans, open end credits, and service credits.We also learned about the pros and cons of having a credit card. Credit cards can help with paying things on time but a risk of having a credit card is that there is the risk of having identity theft. Using a credit card can can reduce the purchasing later on. They will ave less money to spend because they will have to repay it back some other time.
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True, credit cards can be major money sinks early on in your life. Especially in college.
ReplyDeleteAll the things that we learned are really helpful in our future. And Everfi is help to understand the credit stuff.
ReplyDeleteYour blog was very informative and I like the amount of information you included in it. Credit is very important that we understand how it works and be informed of its pros and cons.
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