I have noticed that a lot of people, who are otherwise very intelligent, are absolutely ignorant about finances. I am not just talking about handling their money, I am also talking about knowing basic terminology. For example, a friend of mine was asking me if I could tell him anything regarding credit. I answered that the topic of credit is a very huge topic indeed. Their are many facets involved, such as credit, credit cards, bad credit, loans, mortgages, credit scores, credit reports, personal finance, etc. He said he wanted to know about credit in general. I decided to tell him about bad credit, as it is a hot topic in today’s scenario. As you know, many folks are facing credit woes, and having bad credit is a lot more common than one would think. However, the good news is that those with bad credit can repair their credit. This was news to my friend, and he said he felt very enlightened after talking to me.