All About Credit
What do Arkansans know about credit?
Test your knowledge here with the Credit Score Quiz.
Credit can be a tool or a trap, depending upon how it is handled. Used well, credit can be an asset that helps build wealth as part of a financial plan. Used unwisely, credit can lead to excessive debt or even bankruptcy. It's important to learn to use credit wisely. Discover expert recommendations for managing credit.
What are credit reports and scores?
Consumers with high credit scores receive the best terms and lowest interest rates on loans. Lenders, insurance companies, and even potential employers may make decisions based on your credit report. There are three credit bureaus and you can obtain a free annual report from each. You must purchase your credit score. Find out how to check your credit report and improve your credit score.
It's easy to whip out a credit card to pay for everything from utility bills to movie tickets. You may use credit cards for hundreds of purchases every year. Credit cards are easy to use. But credit card use can spin out of control.
High interest rates, fees, penalties and out-of-control spending may increase debt
faster than your ability to pay.
Whether you owe a few hundred dollars or several thousand. These steps can can help you reduce debt.
Credit and Financial Management Publications
- Managing Credit
Wise credit management will keep you on the road to financial security.
- Credit Reports and Credit Scores
Learn how to obtain your free credit report and understand credit scores.
- Credit Repair
Discover ways to bounce back from credit problems.
- Financial Fitness Series: Trim Your Credit Line
See these tips for whipping your credit score back into shape.
- Financial Smart Start for Newlyweds: Credit and Overspending
Get on the same page financially and learn to manage credit together.
- Credit Help for Arkansans: Names and Numbers to Know
Find out who to contact about credit reports, fraud, or other consumer issues.