Money Topics

Borrow Well

When we use credit well—borrowing money and paying it back on time—we can get a higher credit score.

When You Use Credit Well and Responsibly

  • You can earn a higher credit score.
  • Adults with higher credit scores are more likely to get more
    financial services at cheaper rates over time.
  • You develop peace of mind.

Five Types of Credit

  1. Service credit (telephone, electricity, water)
  2. Credit card (Visa®, MasterCard®, store credit cards)
  3. Installment credit
  4. Loans (student, mortgages, auto, personal)
  5. Line of credit

Your Credit Score

Your credit score is a number that shows how well you use credit. The higher the score, the better.

What Makes Up a Credit Score

Your credit score consists of: your payment history, the amounts you owe, the length of credit, new credit accounts and types of credit in use.

Review Your Credit Report and Credit Score

Request a free copy of your credit report. Go online at,
or call toll-free 1-877-322-8228.

Money Topics for Parents:

12 Key Financial Topics to Cover With Your Children and Teens.