In the streets, your name mattered. If your word was solid, you could get whatever you needed. Credit is the same thing… just on paper. - Pay on time = you solid - Miss payments = your name bad - Keep balances low = you disciplined 👉 Your credit report is your name in every neighborhood at once.
You got two ways to tap into money: - Installment = One-time plugYou borrow it, you pay it back on schedule. (Car, loan, Credit Strong) - Revolving = Endless plugYou can use it, pay it down, and use it again. (Credit cards) 👉 Real power? You don’t just use the plug… you learn how to control the flow.