Client Resources
General educational information to help clients better understand credit, financing processes, and responsible financial decision-making.
Disclaimer: Information provided on this website is for general informational purposes and should not be considered legal, tax, accounting, investment, or individualized financial advice. Consult qualified professionals before making significant financial decisions.
What Is Credit?
Credit generally refers to the ability to borrow money or access goods and services with the understanding that payment will be made in the future. Credit is extended by lenders, financial institutions, and other providers based on their assessment of a borrower's ability and willingness to repay.
Credit Scores and Reports
Credit scores are numerical representations of creditworthiness, typically calculated based on payment history, amounts owed, length of credit history, types of credit, and new credit inquiries. Credit reports contain detailed records of credit history. Individuals may be entitled to review their credit reports through applicable consumer protection channels.
Types of Credit
Common types of credit include revolving credit (such as credit cards), installment loans (such as personal loans or auto loans), and lines of credit. Business credit products may differ from personal credit products. The availability and terms of any credit product depend on the lender's policies and the applicant's qualifications.
Have Questions?
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