Pay Bills on time
Be responsible with credit card use
Keep track of balances and payments
Avoid credit card interest
Open 2 accounts a year max
Keep track of when people mark credit
Need to get a good mortgage/auto-loan
Getting a job. Employers look at this.
Renters want a reliable tenant.
Securing financing requires good credit.
Lower interest rates
How to Establish
Credit card through your bank CD
Use for Gas
Pay full balance Each month
Credit Builder Loan
Loan designed to help build credit or forced savings plan
Payments not being reported are not building credit
Paid service to track payments
Roth or Traditional IRA