credit history your financial reputation. what is credit? credit is a promise
Post on 27-Dec-2015
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Credit History
Your Financial Reputation
What is credit?
Credit is a promise
Why is Credit History Important?
A credit history shows your financial reputation.
How to establish credit history
Apply for a secured credit card Secure a loan with a CD Obtain a retail credit card Authorized user on parents’ account Make monthly payments on an item in
your name
How do I check my credit history (report)?
Check at least once a year Major companies that keep track:
Equifax Credit Information ServicesExperianTrans Union
https://www.annualcreditreport.com/cra/index.jsp
How to maintain a good credit history?
Only apply for one card at a time Pay on time Pay more than the minimum Protect your identity Don’t spend more than you make
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