The Secret  of Credit 

STAYING OUT OF DEBT

Credit offers a
person getting into
debt in order to buy a
good or service,
usually using a loan
or credit card

Pros  Cons 
Emergencies Blowing the
Rewards budget
Helps build High interest
your credit rate
score Increases debt

Credit Score
Your credit score
allows you to buy a
home, get a car.

Debt in America
2017 2013
21% 19%

This graph show the debt in

2014 America from a constant 4
19%
2016 years. so it would increase each
21%
time. Some way to  responsible
2015 is go on a budget, pay the bills
20%
on time. 
 20/10 Rule
When your debt should NOT be more than 20% of
your Yearly income. Also when your Monthly payment
for loans/ credit cards shouldn't be more than 10% of
your Monthly income.

Ex. If you earn 2,000 a month your yearly income

will be 24,000 then when u take the 20% of your
income then your debt shouldn't be over $4,800

Ex. If you earn 2,000 a month and take the 10%

of the 2,000 the loan shouldn't more than $200

Discover card 
I chose discover card for
someone who is building
credit because you will earn
2% cash back at restaurant
and gas stations. Beside in
order to apply your credit
score must be at least 350-
Dollar to dollar match up for the first 629.
year automatically.

I chose this card as a rewards

Chase  card because you can earn $625
towards travel. And I would
travel a lot so its a need.  Also it
was named as ''best travel card''
by MONEY Magazine. The APR
is 17%. APR which stands for
annual percentage rate is an
interest rate they calculate for 12
months. 

Nerdwallet.com, www.bing.com/cr?
IG=9515E758111E40EAB398AC7D9FC8FFE6&CID=0
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vEx,5067.1.

“Ms. Patterson Class .” Ms. Patterson Class , 3 Mar. 2018. 

Google Classroom , Mr. Flanagan, 21 Mar. 2018.