Making big purchases, like buying a car or financing major life expenses, often requires borrowing money. Whether you’re taking out a loan or using a credit card, understanding the ins and outs of borrowing is essential for making smart financial choices. Loans and credit can be powerful tools when used responsibly, but they also come with risks. In this post, we’ll provide some useful resources to help you navigate financial decisions involving loans and credit with confidence..
Borrowing Basics
This guide from MyMoney.gov covers the fundamentals of borrowing with a list of expert tips and tricks. It’s an essential resource for managing borrowing responsibly.
Credit Cards
Credit cards can be a convenient way to borrow money, but they come with risks if not used wisely. This CFPB resource explains how credit cards work, what to look for when choosing one, and strategies to avoid costly fees and interest. It’s a must-read for anyone looking to manage credit effectively.
Credit Cards | Consumer Financial Protection Bureau
Car Loans
One major life expense that many people use loans to finance is buying a car. This resource from the Consumer Financial Protection Bureau (CFPB) offers valuable information on car loans, including how to shop for a loan and tips for getting the best deal. It’s a great guide for anyone considering financing a vehicle.
