Building Your Credit

It’s Time For You To Make History—Your Credit History.


Building your own credit history is essential to making the most of your finances, obtaining a job and the dream of owning your own home. Whether it comes to obtaining a credit card, auto loan, a mortgage or sending your kids to college, establishing a positive credit history should be at the top of your to-do list.

Here are some helpful hints to help you get started in building your credit history:

  1. Consider obtaining a secured credit card. A secured credit card is different than an unsecured, traditional credit card in that you have to “secure” it. Buy putting down a cash deposit; the creditor issues a credit card. Creditors report your account to the agencies, thus building your credit history.
  2. Make sure to pay off any credit card balances on time, in full and avoid opening other accounts.
  3. Consider taking out a small, personal loan through your bank. By paying this loan on time and in full, you will establish you credit history.
  4. Get a steady job that gives you the income to pay your unsecured credit card or small, personal loan. A steady income allows you to pay these bills and build your credit history.
  5. Don’t use your credit card to take out cash advances. Also don’t use your credit card at businesses like a divorce attorney’s. Creditors may view certain transactions as signs of risk.
  6. Regularly monitor your credit report and make sure it’s accurate. There are free reports available through companies like
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