Creditors, usually on a monthly basis.

"The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future."

The banks lend money to customers at a higher rate than they pay to depositors or than they borrow it.

A loan to a government or corporation with you as the lender.

You need to know what your goals are so you can ensure that you are setting aside the right amount of money every month.

A numeric summary of the information in your credit report and is formulated to predict the risk you will not repay what you borrowed.

A revolving loan.

An establishment for the custody, loan, exchange, or issue of money, for the extension of credit, and for facilitating the transmission of funds.

Commercial banks are mainly concerned with managing withdrawals and deposits as well as supplying short-ter

"Money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt."

An estimate of income and expenditure for a set period of time.

300-850. The higher score indicates less risk. You want a high score!

1. Your amount owed can grow rapidly if you don't pay more than the minimum amount owed each month.
2. If you are unable to pay your minimum payment, you will be charged late fees. If you are continually unable to pay, your debt will be sent to a collect

A check register is your personal record of your checking account. It’s a good idea to use your check register as a backup system even if you trust that your bank is keeping track of things for you. It can also prevent you from "bouncing" a check.

A share of stock represents a percentage of ownership in a corporation.

Possible answers:
Pay off a credit card or loan
Create an emergency fund
Contribute to a retirement plan
Save for a down payment on a home
Save up for a large purchase such as a car
Set aside money for trav

If you make a late payment, your score will take a hit. The more recent, frequent, and severe the lateness, the lower your score.

1. Low interest rates
2. High capacity
3. No annual fees
4. A fixed rate

Do not overdraw on your account. You can avoid this with overdraft protection and keeping track of your account with a check ledger or register.

An investment program funded by shareholders that trades in diversified holdings and is professionally managed.

1. Where am I today?
2. Where would I like to be?
3. Can I get there?
4. How do I get there?
5. How do I stay on track?

Payment history
Amounts owed
Length of credit history
New credit
Types of credit used

1. Only charge the amount you can afford to repay when the bill comes due.
2. Know your due dates, and always pay on time. 3. Late payments can be reflected on your credit report and lower your score.
4. If you have debt now, repay it as quickly as possib

"Balancing your checkbook each month is essential to managing your money. It helps you to make sure that your records and the bank's records agree with each other. It allows you to correct any mistakes you or your bank have made over the month. You can do

Your money earns money:

1. Beat inflation
2. Meet financial goals, like saving for a home or retirement.

A grouping of financial assets such as stocks, bonds and cash equivalents held directly by investors and/or managed by financial professionals.

You should consider your investment horizon and your risk tolerance.

Industry specific or diversification are