When you make a purchase using your debit card, you’re often given the choice between “debit” or “credit.” What’s the difference between the two? When you select “debit” on the card reader and enter your PIN (Personal Identification Number), an online transaction begins. The money is immediately deducted from your account and sent to the merchant. In most cases, you are also allowed to withdraw cash along with making the purchase. When you select “credit” with your debit card

Your credit score is a three-digit number that creditors use to assess how likely you are to repay your loans. A high score can help you qualify for the lowest interest rates and gives you the ability to borrow money for purchases. Here are seven things you can do to make sure your credit score stays healthy: 1. Pay back your debts on time. How you’ve repaid past debt is the most important factor (35%) in calculating your credit score. 2. Apply for new credit only when you ne