What is credit?

View Comments (Add Comment)

Transcripts

`bjbj.

""\\\\hVXXXXXX$h-V||'"VVtPg\V0@<||"\\Hi, my name is Vikki Frank, Executive Director of Credit Builders Alliance. We are a new non-profit helping support community based organizations, working as a financial services and micro enterprise and home buyer industries help their clients build better credits. Today, I am going to talk about how important a credit is as a financial asset in today's economy and in your life, what credit is, how credit is different than debt, the different rights that consumers have around credit and credit reporting and finally, how to build your credit.

Host: What is credit?

Vikki Frank: Credit is the decision of a business to lend you money or have a financial transaction with you. In other words, credit is really creditworthiness. It is your reputation. It is a trait that you own that enables people to know something about how you manage your money, how you interact with others in financial transactions and financial relationships. /STYc~ 89;EIVYZ\]dmq"3/4deoz(c)"(r)$'6h6khL%&<=$a$gd,1h/ =!

"# $ %

Other Videos

• 

  What are the key obstacles associated ...

  In this video, mortgage advisor, Jeff Thomas describes how to purchase your first More »

• 

  What is the fastest way of doubling my ...

• 

  What is identity theft?

  In this video, Linda Sherry details the best ways to prevent identity theft and what More »

• 

  What goes into a budget?

  In this video, Vikki Frank, Kandance Beamon, and Linda Stroman, financial education More »

• 

  Tax Return

  This video series will discuss tax return preparation. It gives basic information on More »

• 

  How can I keep the expenses of investing ...