When you hear discussion about credit cards and debt, the first reaction tells you that debt is bad and should be avoided. Well, credit cards or any type of debt are really just a financial tool, and when used properly, can be very beneficial. For example, how many people could save up hundreds of thousands of dollars to buy a home with cash? It can be done, but it might take a few decades to reach that goal. Instead, by borrowing money you can use leverage to make the purchase now instead of waiting.

The problem with any tool is that they can be used improperly, which can do more harm than good. Using credit is no different. When used properly, you can leverage your buying power to make financial decisions that will benefit you in the long run. The basics to credit and debt cover:

1. How to establish credit.
2. The importance of your credit score.
3. How to improve your credit score.
4. Getting out of debt.
5. Borrowing money for college or a business.

Whether you're trying to establish credit for the first time, or you're already up to your eyeballs in debt, this credit and debt basics guide can help you take control of your finances.