Credit and Borrowing
How borrowing really works, from interest to credit reports to traps.
Topics in this module
How Credit Works
— What credit is and the deal between borrowers and lenders.
Interest and APR
— How the cost of borrowing is calculated, and why it adds up.
Types of Loans
— Mortgages, auto, student, and personal loans, and how they differ.
Credit Reports and Scores
— What lenders see, where it comes from, and how to protect it.
Managing Debt
— Strategies to pay down debt and keep it under control.
Debt Traps to Avoid
— Predatory products and patterns that keep people stuck.