Credit can be a confusing topic and there are countless number of circumstances to consider that are unique to each individual's financial situation. So we've put together this comprehensive credit guide to explain what credit it is, how to build and maintain good credit, and when to use credit constructively. Our mission at Harvest is to increase the net worth of our members by $1 trillion by 2030 and this guide covers the essentials of credit health to help get there.
Credit is the ability to borrow money from a lender to purchase goods or services with the implied agreement that you will pay it back in the future. This article covers in-depth about the ins and outs of credit including interest rates, types of credit, what constitutes your credit score, and more.
Whether you are building credit for the first time or trying to improve your credit score, this article covers everything you need to know about building credit and the various methods to ensure your credit health.
The road to credit health doesn't stop at just building credit. It is imperative that you consistently maintain good credit so that you can have access to low-interest financial products in the future such as auto loans or mortgages.
Once you have established good credit, it is then important to consider what you choose to do with your credit. We cover some of the key considerations of using credit for your life and the benefits available to you as a result of good credit.