Good credit vs. bad

Good credit means that you make your payments in full and on time. Bad credit is just the opposite.

Good Credit

• Good credit signs

  • Paying at least the minimum required payment • Paying on time • Never missing a payment • Staying within your credit limit

• Result

  • Easier to borrow money • No additional penalty fees • More money you'll keep in your pocket

Bad Credit

• Bad credit signs

  • Paying too little • Paying too late • Missing payments • Going over your credit limit • Having too much debt

• Result

  • Difficult to borrow money • You lose money on late fees • More money spent on finance charges