You’d have a hard time finding someone who hasn’t had a loan or a credit card at one point or another. But despite how popular it is to borrow money, many people don’t understand much about their financing options. Unfortunately, financial advice is often overlooked by high schools and colleges. Loans and credit are simple enough to understand, and it’s important to know how they work. Even if you don’t know a thing about the subject, this beginner’s guide will get you up to speed. Loans and Credit – What’s the Difference? With loans and credit, you’re borrowing money, but the two work very differently. When you get a loan, the lender gives you a lump ...