There is a lot to know before you use credit. With a credit card you can buy something now and pay for it later. You do not have to have the cash to buy the item. Some people like credit cards because they are convenient. It is easier to carry a credit card than a lot of cash.
Credit can help in emergencies such as unexpected medical, auto or housing expenses.
You can use credit to buy something over the phone, reserve a motel room or rental car, and buy things while they are on sale. It is important to use credit wisely. If you usually pay your bills on time, this credit history can help you get more credit. If you have a poor record with credit, this information can hurt your ability to get more credit . Cost of Credit It costs money to use credit.