|
|
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.
|