How Do You Build Good Credit History?
Building good credit history is essential, especially if you wish to make larger purchases, such as a home, or perhaps take out a loan for a business. The better your credit history, the better a rate you will be able to obtain. You will also have more leverage in dealing with your credit card company and you will be more likely to receive lower interest rates with higher credit limits. Here are some simple steps to building a good credit history: 1) Whatever services you have, such as TV or utilities, always pay on time. 2) Get a checking and/or savings account in your name. If a checking account, maintain it carefully so you aren’t in danger of being overdrawn or bouncing checks. If a savings account, then save a certain set amount each month. 3) Get a credit card, but be wary of offers that have extremely high interest rates. Read the fine print so you know just what you are getting! 4) Get a credit card, but not too many! One or two main ones will suffice; perhaps another with a si
