Let’s talk about credit. It’s a word that gets thrown around a lot but most people don’t have a good understanding of what it means. And if you want to get a car loan, you’ll do better if you know something about the subject.
What Exactly is Credit?
When people use the term “credit,” they’re actually talking about one of two things.
In a simple sense, credit is what someone gives you when they allow you to pay for something later instead of now.
When the power company allows you to pay for your electricity after you use it, they’re extending you credit.…