Bad credit and your credit history

AlexBad credit can cause you big trouble. And if you don’t pay your credit card bill on time, that’s what you’ll have! And it’s the same if you miss payments — you may have to pay even higher interest rates. Paying late or missing payments results in bad credit.

So maybe you’re thinking, “Why not get another card so I can have more money to spend?” Well, it’s not that easy — and it’s not smart. Any other credit card company will look at your credit history to be sure you’re a safe bet.

A bank, 2 credit cards, and a credit history report

AlexSo think about it. Having good credit is the key to getting things you want — a car, an education, a house…Good credit just makes sense. Bad credit is something you should definitely avoid.

Click the Next button to learn about the cost of credit.