Learn how banks work, understand loans, and master financial responsibility!
The percentage of money charged for borrowing or earned for saving. If you borrow $100 at 5% interest, you'll pay back $105.
Something valuable you promise to give the bank if you can't pay back a loan. For a house loan, the house itself is collateral!
A number (300-850) that shows how good you are at paying back money. Higher scores get better loan deals!
Using borrowed money to buy something bigger than you could afford with just your own money. It can multiply gains... and losses!