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April 10, 2012


The use of credit is a way of life in the United States. At any one time, about three-fourths of American households have some form of debt, including credit purchases of cars, appliances, clothing, vacation trips and other goods and services. Just over two-fifths of households have loans secured by their homes—in other words, mortgages.

This section will help you understand the rules, regulations, and laws about consumer installment credit, designed to protect you, the consumer.

Click on the links below for more information in this particular subject area.

Applying for Credit
Choosing a Credit Card
Checking Your Credit Record

Buy the new ABA Guide to Credit & Bankruptcy

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