UHD / Academic Affairs / College of Public Service / Center for Public Service and Community Research / Credit
Credit
Credit is a form of agreement that is between the applicant and lender, to promise
to pay for goods or services over time. There will be agreed terms between applicant
and the lender for the approved credit that is issued to the applicant. Making payments
on time can boost credit scores and increase credit limit on card over time. There
are different forms of credit, revolving credit, charge cards, and installment credit.
Enjoy the following videos for financial literacy on each type of credit.