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When you buy something on credit, someone else loans you money to pay for your purchase. If you repay your loans on time, you get a good credit rating. If you don't, you get a bad credit rating. Learn about the different kinds of credit, how to calculate interest, how to keep credit records, and more in Using Credit Wisely, a title in the Personal Finance series.

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When you buy something on credit, someone else loans you money to pay for your purchase. If you repay your loans on time, you get a good credit rating. If you don't, you get a bad credit rating. Learn about the different kinds of credit, how to calculate interest, how to keep credit records, and more in Using Credit Wisely, a title in the Personal Finance series.