Is it the first time you have credit?
If you are using a credit card for the first time, this site is exactly what the doctor has ordered! We gathered in this site information that will help you take control of your finances, and spend responsibly!

Establish good credit history now to have financial security in the future! A credit card in your name can help you establish a good credit history, which has great value when it is time to request a loan to buy a car, a condo, remodeling or a mortgage. Besides, there is no way more convenient or safer to do transactions in a store, online or through the phone.
But along with the benefits of having a credit card comes the responsibility, which if you can’t handle it, may cause serious financial problems. Learn how to select and use a credit card is an important first step to everyone. Using credit inappropriately may lead you to a debt impossible to manage, and to a financial crisis. The more you learn about credit, the easier will be for you to handle this powerful tool wisely.
Credit cards, loans and any other kind of credit are convenient because they allow you to manage your money in an easier way, and are especially helpful in time of emergencies. Credit allows you to pay for great expenses like cars, remodeling, and a mortgage; it can help you buy a house without having the total amount needed in cash.

Types of credit

You can borrow money for a specific purpose, like financing a new car, paying for university, buying or remodeling a house. You can take a loan to consolidate debt, which combines all current debt from different creditors in only one payment plan with reduced interest. You can also get a credit line linked to your checking account, protecting you from bouncing checks, in case you write a check for an amount greater than your available balance.

Loans are usually divided in two types: warranted and unwarranted. On warranted loans, something of equal of greater value is offered as collateral (like a car, a house, or a deposit in cash) to assure payment.  An unwarranted loan has no collateral.
Credit cards are probably the most common form of personal credit. To use a credit card is like obtaining a loan. Every time you charge something, you are borrowing money until you pay it back. If you decide to pay little by little, the credit card company will apply financing charges to your account, which should be paid in addition to your purchases.