Term: Debt-Credit Relationship
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Can I Be Debt-Free & Have Great Credit?

By Steven Shaw on 1/9/2014

debt-free 

Credit and debt are not synonyms. This is important to know.

It’s understandable people confuse the relationship: It’s good to have a high credit score, and you need to use credit in order to have a score. Sometimes, using credit leads to debt. However, you do not need to have debt to have a credit score (or a good credit score, for that matter).

credit
Debt-Credit Relationship
Debt-Free
Good Credit
Great Credit
Revolving credit