Using credit is a fact of life for most Americans these days. Using credit has many advantages..
- Makes possible some major investments (a home, a college education) that would be impossible or much-delayed without borrowing. allows us to make travel reservations helps us handle emergencies (new furnace, major car repair) reduces the number of checks we write and the amount of cash we must carry
- Enables us to shop by phone or internet
Having access to credit when we need it is a valuable resource - something to be used wisely and protected carefully. To make sure you will be considered an eligible borrower when you want to use credit, check your credit report at least annually.
Like any convenience, credit use involves a cost. PowerPay © will help you reduce the interest cost you incur on loans and credit cards.
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Explore the finance frequently asked questions (FAQs) posted by Iowa Concern for more information.