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Credit Tips

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Credit Tips To Establish Credit

  • Every time you apply for credit, it appears on your credit report as an inquiry and you get a "check mark." Too many of these marks in a short period of time may result in you being declined for credit due to excessive inquires.
  • It is highly recommended that you pay off your credit card balances in full every month by not accumulating more charges than you can pay (unless necessary).
  • Many credit reports contain inaccuracies, usually caused by innocent errors but occasionally by fraud (such as identity theft, in which a thief uses someone else's name to open credit accounts). The Fair Credit Reporting Act ensures your right to dispute such inaccuracies in your credit report.
  • The most obvious thing you can do to build a solid credit history is to pay your bills on time.
  • Obtain a credit card, even a pre-paid or secured credit card or a department store card (generally easier to qualify), use it monthly and "wisely", and make sure to make your payments on time. You may need or want a co-signer to qualify for your first standard credit card.

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