Credit is money that you borrow and pay back over time with interest.
Your credit history is a record of what you have borrowed and how you have repaid it. Paying your creditors on time will help you to build a good credit record. Late or sporadic payments will result in a poor credit report.
In this #ShowMeTheMoney video, Sojourner Family Center explains how to build, improve, and access your personal credit.
You can find more resources on credit in our Money Smart Week Resource Guide.