How to Successfully Build your Credit Score
It is vitally important to have good credit today.
Not only does
it determine the interest rate you will pay when you buy a car
or a home, but a good credit history is also a factor when you
are applying for a...
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How to Successfully Build your Credit Score
It is vitally important to have good credit today.
Not only does
it determine the interest rate you will pay when you buy a car
or a home, but a good credit history is also a factor when you
are applying for a job, renting an apartment, obtaining car
insurance rates or applying for a credit card.
What may seem like a tiny mistake to you, can actually drag
you down for many years.
One late payment, maxed out credit
cards, or taking out several loans at the same time all appear
to be minor mishaps, however, the credit bureaus view them
as a black mark on your credit report and creditors respond accordingly.
It is not that hard to establish and keep good credit, especially if you are just starting out.
Follow these simple rules, and your credit will sparkle.
Check your credit report.
Before anything else, you want to see what creditors are saying about
you.
Credit reports are used to create a credit score, which is a three-digit number l
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