Credit is the word used to define the ability to borrow money. Your credit score measures what is known as creditworthiness.
Understanding Loans and Credit Cards
Repaying your student loans may seem overwhelming, but the repayment plan(s) you choose may affect how much you will pay overall.
A credit card can make it easy to overspend. If you use your card, you must pay for what you buy. You don’t get a break because you are a teenager. If you spend more money than you are able to repay, you can ruin your credit score, also known as a credit rating.