Send us a textCredit is simply trust that allows people to borrow for purchases with a promise to pay back according to specific terms. We explain the concept through relatable examples like borrowing video games from friends or books from the library.In this episode, we discuss: How credit helps people make large purchases like homes and cars when they don't have all the money upfront.Frankie shares how her grandmother gave her first experience with credit by selling her a car with a payment plan at age 16.We can learn about credit responsibility through everyday borrowing experiences.Reflecting on past borrowing experiences helps build understanding of financial responsibility.This week's challenge: Write down three times you borrowed something, how you handled returning it, and discuss with a grown-up how this relates to future financial decisions like car loans or credit cards.Learn More: https://www.premieramerica.com/bank/accounts/youthFederally insured by NCUA. Equal Opportunity Lender. 

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