Understanding Your Credit

The U.S. Census Bureau estimates that the number of American credit cardholders will reach 181 million by 2010. In 2006, 173 million cardholders accounted for 1.5 billion cards in use. Stacked together, those cards would reach more than 70 miles into space, and be almost as tall as 13 Mount Everests (Sources: CreditCards.com; U.S. Census Bureau; NY Times, Feb. 23, 2009).

We live in a credit addicted culture. Most of us probably use some form of credit every day. And yet, there is a general lack of understanding about using credit responsibly, what a credit profile is, how it impacts your ability to get credit, and what credit use means for your financial future.

The value of credit education has never been worth more than it is today. A clear understanding of your credit profile and how financial institutions interpret it will open new doors of opportunity. This knowledge will prepare you to negotiate favorable terms and lower rates, potentially saving you thousands of dollars on your large transactions. Credit education is a wise investment in your future—one that repays you many times over.

A Plus Credit is committed to increasing the overall understanding of credit use and educating people on how to use money wisely. We will help you make sense of your current credit situation, improve it, and achieve your goals.