What Is Credit and How Does It Work? A Beginner’s Guide
Being approved for credit does not mean you can afford it. A beginner’s guide to how credit works, what it costs and when it can help.
Author name: Lorena Ballester
Lorena Ballester founded Money Behaves. She is an economist and a psychology student who focuses on how people make money decisions: how they judge risk, react to percentages and read costs, and what happens when financial information gets complicated. Lorena is not a licensed financial advisor, and Money Behaves does not give personal financial advice. For that reason, every lesson relies on official U.S. sources and published research, and shows where its information comes from.
