Credit is borrowed money that you can use to purchase goods and services when you need them, It is important to have a high credit score by paying every bill on time to have a good credit report. Your credit score and report show your credit history, all loans you want to get are based on your credit. The credit scores are betwwen 300-850, good credit scores start from 750 and up. In my life, I would use the bank to save my money in a safe place and if I get a credit card, I will make sure that I use it to buy things I can afford and pay every bill on time so that I earn a high credit score and a good history report.