Credit

The term credit can mean many things. For most people, it is the ability to borrow today and pay later. The idea of "credit-worthiness" defines our personal finances, and reaches out to all parts of our financial lives. Credit can be an accounting term. You can talk about credit cards, your credit history, your credit score, or the three credits you got in college for taking Bowling. This page is the credit nerve center of ThinkGlink.com. From this page you can learn more about what credit means and how having good, bad, or mediocre credit affects your personal finances.

Featured Credit Article

Foreclosure Affects Credit But Homeowner May Avoid Deficiency Judgment

Going through foreclosure isn't what anybody wants to go through. For some, going through foreclosure can be the start of a process that can drag on for years. If the foreclosure process does not yield enough money to pay off the mortgage that the lender had given the homeowner, that homeowner could be stuck with a deficiency judgment and having to repay the difference for years to come. If the lender does not pursue the deficiency judgment or can't, the foreclosure will still have a negative effect on the homeowner's credit history and credit score for years to come.

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