Concept of the Month: Are You Credit Ready?

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Each month in Young Americans Bank we focus on one financial concept and talk with all of our customers about it.  This month we’re discussing credit: what it is, how you build it, and how you use it. What is credit? So what exactly is credit?  Credit is defined as confidence in a borrower’s ability and intention to repay.  The …

Concept of the Month: Credit Smarts

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This month at Young Americans Bank, we’re talking about credit.  It’s not “free money” as some young people may think. Credit is the borrowing of funds with the intent of paying them back. In almost every case, there is a charge for borrowing the funds. The charge is usually in the form of fees and/or interest. Credit is considered an …