How Do You Establish A New Credit File For Free?
Everyone should establish good credit. Without good credit, it is difficult to apply for any type of loan. If you want to establish credit for the first time, lenders can’t rely on your FICO score so they will rely on other sources such as your employment history and bank accounts. Your credit score is based on a number of factors such as payment history and the length of time you’ve had credit. It takes time to establish credit and build a record of consistency in making payments to show that you are creditworthy. Open and maintain a good checking account. If you maintain your checking account properly, lenders will see that you are able to manage money properly. Your bank account information will not be reported to the credit bureau but it is a good way for the lender to see that you are diligent in managing your money. It is also a good idea to establish a good relationship with the banker in the event that you want to apply for a loan. Open a department store card. This is a good w
