credit history your financial reputation. what is credit? credit is a promise
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![Page 1: Credit History Your Financial Reputation. What is credit? Credit is a promise](https://reader035.vdocuments.us/reader035/viewer/2022072013/56649e4b5503460f94b3f367/html5/thumbnails/1.jpg)
Credit History
Your Financial Reputation
![Page 2: Credit History Your Financial Reputation. What is credit? Credit is a promise](https://reader035.vdocuments.us/reader035/viewer/2022072013/56649e4b5503460f94b3f367/html5/thumbnails/2.jpg)
What is credit?
Credit is a promise
![Page 3: Credit History Your Financial Reputation. What is credit? Credit is a promise](https://reader035.vdocuments.us/reader035/viewer/2022072013/56649e4b5503460f94b3f367/html5/thumbnails/3.jpg)
Why is Credit History Important?
A credit history shows your financial reputation.
![Page 4: Credit History Your Financial Reputation. What is credit? Credit is a promise](https://reader035.vdocuments.us/reader035/viewer/2022072013/56649e4b5503460f94b3f367/html5/thumbnails/4.jpg)
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
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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
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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