Credit is the ability to receive a thing, service or other benefit before paying for it. As part of the transaction, you agree to pay for it later. The person who provides the money, service or item is called a creditor or lender. Examples include using credit cards, taking out loans and home utility accounts.
Businesses use things like credit reports and credit scores to decide whether to give you credit. Understanding these things can help you through the borrowing process.
Companies that offer credit do so as a business. This means there will be a cost to you. It is important to understand what your total debt will be.
The Saskatoon and Regina public libraries are hosting free Law Fairs to help people learn about their legal rights/responsibilities and connect with legal information and support. In Saskatoon, check out the free screening of The Good Canadian presented by Legal Aid Saskatchewan. There's lots to see and do during the 11th annual Saskatchewan Access to Justice (SKA2J) Week!