Course: What is credit?
6 minute read
Escaping the pitfalls of credit
After high school graduation, Chance Rebound spends the summer working in his father’s auto parts store and opens his first checking account with the money he earns. He applies for a credit card and is approved with a modest limit.
In the fall, he moves a few hours away to attend classes at a junior college. He shares an apartment with two roommates and commutes to school on his bike. On the weekends, he works at a pizza shop. He’s on his own and loving it.
