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.
Our newest project is designed to provide legal information for Indigenous communities through a dedicated website, indigenous.plea.org, and print material. All is available free of charge.