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Credit

Credit is a financial arrangement in which a lender provides a borrower with money that must be repaid at a later date, typically with interest. Credit allows individuals and businesses to purchase goods and services without having to pay for them upfront. Continue Reading Below

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Encyclopedia Articles

Discover the definition of financial terms related to credit.

What Is a Line of Credit? Types, Rates, and How to Use One Thumbnail

What Is a Line of Credit? Types, Rates, and How to Use One

Andrew Latham

Revolving Credit Explained: How It Works, Types, and Examples Thumbnail

Revolving Credit Explained: How It Works, Types, and Examples

SuperMoney Team

What Is a Credit Inquiry? Hard vs. Soft Pulls Explained Thumbnail

What Is a Credit Inquiry? Hard vs. Soft Pulls Explained

Andrew Latham

What is an Outstanding Balance? Meaning & Examples Thumbnail

What is an Outstanding Balance? Meaning & Examples

Hazel Agoni

Pre-Approval: What It Is, How It Works, and Why It Matters Thumbnail

Pre-Approval: What It Is, How It Works, and Why It Matters

Andrew Latham

What Is Credit Mix? How Account Diversity Affects Your Credit Score Thumbnail

What Is Credit Mix? How Account Diversity Affects Your Credit Score

Andrew Latham

Balance Transfer: Definition, How It Works, and Key Terms Thumbnail

Balance Transfer: Definition, How It Works, and Key Terms

Andrew Latham

What Is a Credit Card? Definition, Types, and How It Works Thumbnail

What Is a Credit Card? Definition, Types, and How It Works

Andrew Latham

Overdraft: Definition and How It Works Thumbnail

Overdraft: Definition and How It Works

SuperMoney Team

Overdraft Fees and Overdraft Protection: How They Work and How to Avoid Them Thumbnail

Overdraft Fees and Overdraft Protection: How They Work and How to Avoid Them

Andrew Latham

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Learn About Credit

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About Credit

Credit is a financial arrangement in which a lender provides a borrower with money that must be repaid at a later date, typically with interest. Credit allows individuals and businesses to purchase goods and services without having to pay for them upfront.