yes
Your credit rating will improve if the party that you have co-signed for makes prompt payments. If they fail to do this, you are on the hook for the payments and late fees that they may incur. Only co-sign for someone that you are sure will make the payments.
A high credit score rating means someone is in good standing credit wise. They are prompt in payments and always pay payments in full. A good credit score is sought after by many people, because its a mark of a responsible person.
Business credit - is usually granted by being swift with payments for goods or services. Once a business sees a pattern of regular, prompt payments - they can consider you a 'safe risk' for a line od credit. Once granted - you should use the credit wisely. Never let the 'grace' period expire - as it will affect your credit score.
All credit card companies charge a fee for late payments ! It serves two purposes... first - it's a subtle reminder to the card-holder, to prompt you to make the payment in plenty of time for it to be processed. Second - it generates extra income for the card company !
A good credit history - shows that a customer is a prompt payer. It also shows that the can manage their debts sensibly, and that they don't simply increase their card limits instead of paying off he balance first. Additionally - their credit reports lets possible lenders know that the customer has a stable home (if they've been living there for a number of years) and that they pay their utility bills on time.
Your credit rating will improve if the party that you have co-signed for makes prompt payments. If they fail to do this, you are on the hook for the payments and late fees that they may incur. Only co-sign for someone that you are sure will make the payments.
A high credit score rating means someone is in good standing credit wise. They are prompt in payments and always pay payments in full. A good credit score is sought after by many people, because its a mark of a responsible person.
Business credit - is usually granted by being swift with payments for goods or services. Once a business sees a pattern of regular, prompt payments - they can consider you a 'safe risk' for a line od credit. Once granted - you should use the credit wisely. Never let the 'grace' period expire - as it will affect your credit score.
If you think you can get the Gesa Credit Union card, then you may go for it or get one from a larger bank if possible. To build your credit, make sure you are prompt on your payments. As you use credit card, and pay it back, your credit history will build.
A family's finance deployability checklist will prompt you to make arrangements for car payments.
All credit card companies charge a fee for late payments ! It serves two purposes... first - it's a subtle reminder to the card-holder, to prompt you to make the payment in plenty of time for it to be processed. Second - it generates extra income for the card company !
You have to establish credit. One way is to obtain a loan through a furnature store or auto dealer. You purchase an item, and even if you could pay cash, take advantage of 'no interest for three months' or other such items to make payments on the item. This will build up a credit rating. One or two credit cards, (Not dozens!) with prompt pay-offs, is always a good thing. If you are renting through a large property management firm, they may report your rent payments to the credit bureaus.
finace
Transportation/automobile
finace
A family's finance deployability checklist will prompt you to make arrangements for car payments.
transportaion/auto