On Monday 27 Mr. Kamal and Mr. Michael came from SunTrust to TC Williams to give us a speech about banks and how do they work. They explain a lot, the next day we went to visit Wells Fargo and Mr. Elton. The presentation that helped me a lot to understand was the one with Mr. Elton because we spend more time with him and also he answer all the questions that we ask him. While the other just told us about how they have many different bank in all around the world. Therefore the people that travel will recognize the bank and will be allow to use it. I preferred Wells Fargo because the benefits that they have are really good and also the attention that they gave us was really nice. Although we had the pleasure to know the manager from SunTrust that explain us how their bank works, Wells Fargo give more attention and kindest to costumers.
From these two presentations that we had, Mr Elton explain to me how my mum can build up her credit. I learned a lot of interesting theories from both banks but most importantly from Wells Fargo. It came to a conclusion that in order to buy a house one need to have a credit card with a high credit score. Also, one should be eligible for a credit card at the age of 18. Moreover, Mr kamal and Micheal also explain to us that if one is not able to pay his or her money on time your credit score goes down and you need to wait for 7 years in order to recover.These were a lot of new ideas to me because I was a bit quite shock because I didn't know anything about credit cards or debit cards simply because I've never open a bank account before. I ask Mr. Elton that I want to get a credit card at the age of 18 and he said that is good idea. But he suggested that I should finish high school and find a better job which I understood.I would prefer using a credit card mostly because it easy and safe.