Credit can be a useful tool, but it can also hurt you financially if used incorrectly. To build credit, we have to use it correctly. Good credit will get you lower interest rates, better financial opportunities and it can even help you when applying for a job. Sound like a good deal? It is. This video was developed by Mint.com and explains the importance of reducing debt and building and keeping good credit.
If you enjoy the video, also check out Quest for Money, an online money management game developed by Mint.com and Scholastic.