Credit & Debt

Don’t get tripped up by debt vs. credit! They’re two sides of the coin. Debt is the money you owe, like on a loan or credit card. Credit, on the other hand, is your borrowing power, like a credit limit. Using credit responsibly to pay off your debt is key. Timely payments and smart credit management build a good credit score, which unlocks better loan rates and financial opportunities in the future. So, understand the difference and manage both effectively to achieve financial well-being.