Let’s Talk Money: Credit

What is Credit?

Credit refers to someone’s ability to borrow money, or access goods or services with the understanding that payment will be due later. Some types of credit may improve an individual’s financial situation over the long term, if used responsibly.

Learn how to build and use credit responsibly and safely for the long term.

Credit Score

A credit score is a three-digit number assigned to an individual based on information from their credit report; scores from 660 to 900 are considered very good to excellent. Credit scores can change over time as an individual’s credit report is updated, and take into account factors such as payment history, types of credit cards, and recent credit inquiries.

More on credit scores and
how to build a good credit score

Credit Report

A credit report is a summary of an individual’s credit history and current credit situation. It also includes information such as the person’s credit accounts, payment history, and unpaid balances. It is created when an individual borrows money or applies for credit for the first time.

Learn more about managing your money. Check out these topics.

BUDGETING

Manage your money to better understand where you stand, and minimize your money-related stress.

CREDIT

Credit is money that you borrow, with the understanding that you will pay it back. It can help cover some of your costs, as well as accrue points to help you further.

AWARDS

Think: scholarships, loans, government grants, and UTAPS. Money which can be worth applying for.

EXPENSES

Understanding your expenses will help you gain a bigger picture of your budget, and how to help with your financial stability.

WORK

Have you heard of the Work Study Program? Or Experiential Learning? You’ll find opportunities through here.

DEBT MANAGEMENT

Manage your debt can set you up for future success. Find resources about debt, and things to consider.

WAYS TO SAVE

Student discounts! Savings on TTC, entertainment, and more. Check out all of these awesome ways to save.

TAXES

Taxes do not need to be scary. Need help with understanding or filing your taxes? This is where you need to be.

OTHER RESOURCES

Find workshops, videos, and extra resources curated just for you.