Saturday, July 31, 2010

What's your advice on how to have good credit?

How do you build your credit from the ground up? I'm going to be 18 soon and have no credit yet, so I want a good start.


-ThanksWhat's your advice on how to have good credit?
First, open a checking account and put some money in it on a regular basis. Start out getting a credit card such as a gasoline credit card. Charge your gasolin on it and when you get your statement pay it off, all of it. Once you have done this for a while, apply for a bank credit card and do the same. Charge only a small amount and pay it off, when you get your statement.What's your advice on how to have good credit?
Pay it off in full every month.





You can apply for credit with your favorite department store, which may sometimes require a cosigner. Get the account to begin charging for your clothing, or whatever, and only buy as much as you can EASILY pay back each month.





Credit is not good if used improperly, because you are in effect borrowing against the possibility of a brighter tomorrow. Can you guarantee that?
open credit accounts like those at retail stores or other easy ones to get like capitol one or aspire visa and make your payments all on time
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