Credit & Debt

Used wisely, credit is a powerful financial tool, but if you’re not careful, it can lead to a heavy debt load. If this has already happened to you, know that you’re not alone. According to recent Census data, the total amount of consumer debt in the United States is $2.6 trillion – that’s $8,500 for every single person living in the country.

Whether you’ve accumulated debt, or are considering credit options, understanding the essentials of credit and debt management will keep you on solid financial ground.

Credit Cards
The advantages of credit cards are numerous – quick access, fraud protection, bill consolidation, convenience. But what about the responsibilities? Understanding credit card basics is essential to choosing and using your cards wisely.

Credit History
To get a glimpse of your financial future, businesses look at your financial past. This history is contained in your credit report and impacts your ability to qualify for a loan, rent an apartment, and more.

Debt
If you're in debt, you're not alone. Consumer debt in America is at an all-time high. Determining how much debt you have will give you clear understanding of your financial health.

Identity Theft
When your private financial information gets into the wrong hands, the consequences can be devastating. If you should fall victim to identity theft, it is important that you act quickly.

Email to a friend

The information that you provide through this e-mail feature will not be stored by Visa for any other purposes. Please refer to Visa's privacy policy for details.

Comments

Please note that all comments must adhere to the Practical Money Skills Discussion Rules and terms of use.

You must be logged in to leave a comment. Log In | Register

Posted by: Deeeeeee
I really believe a cource like this should be offered/required prior to credit cards being issued.

Your Name:
Your Email:
Recipient's Email:
Message: