The wise use of credit requires a knowledge of the process for establishing credit. In addition, you should develop an awareness of credit reports and the legal rights associated with using consumer credit.
Short-Term Financial Planning Activities | Wise Use of Credit Websites |
1. Prepare an inventory of current credit balances and monthly payments.
|  PFP Sheet 06
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2. Review your credit file for current accuracy of information.
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3. Become familiar with consumer credit laws that may relate to various aspects of your use of credit.
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Long-Term Financial Planning Activities |
1. Describe actions you may take to reduce your credit balances (if applicable).
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2. Create a plan for spending that provides for using credit at an appropriate level.
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