Financial Jargon Simplified: Credit

Financial Jargon Simplified: Credit

Financial jargon can be confusing to navigate, for both the ‘new-to-managing-my-finances’, and even those who are more experienced at it. If you’ve ever felt like you need a healthy dose of ‘just the facts’, you’re in luck.

It’s time to feel empowered to own your financial conversations. Brushing up on these terms can help you make more informed, confident decisions in your financial life – ultimately getting you to your goals faster and smarter.

Credit scores, credit reports, credit cards, credit education – credit talk probably seems ever-present when it comes to your money. That’s because credit is essentially a measurement financial responsibility, and it sticks with you throughout your life. Your credit can impact a lot of things, from renting a new apartment to job opportunity potential. Having good credit can be an essential factor in achieving your financial goals.

For a lot of us, how we manage our credit cards is one of the biggest ways we can impact (positively or negatively) our credit scores. And since credit is such an important part of your financial wellness, start off on the right foot today by understanding these key credit terms, some may look familiar from your credit card accounts.

Financial Jargon Simplified: Credit - a full description of this infographic is available below

What Now?

Get familiar with how you’re managing your credit by pulling a free credit report. Want to know more about what makes up your credit score? Check out this infographic of the five factors that make up your credit score.

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