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How can a good credit history help you?

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2013-02-01 11:34:23
2013-02-01 11:34:23

Having a good credit hisotry means if you want to open a line of credit, such as get a mortgage for example, the company will look on you more favourably than someone who has no credit history and hasn't proven they can handle the debts.

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They can help other companies know you have a history of good credit, helping you get better deals on insurance and stuff. Basically it saves you money.


You can get credit history by having a credit card or line of credit. Anything that reports to the credit bureaus that you are paying each month. You can also get some credit accounts added to your credit history by becoming an authorized user on a spouses or family members account. All this doesn't matter if it isn't paid on time, so a credit history length with a good payment history will help your credit score.


Aqua credit cards can be good for people with bad credit because they offer flexible payment dates as well as manageable monthly payments. You can establish good credit history with Aqua cards that will help your overall credit rating.


It is possible to apply and be accepted for a credit card with no credit history but it can be difficult. Some ways around it are to apply for a store credit card as they are known to accept people who have no credit history more frequently than through other methods. Also some credit card companies have an option to include a co-signer who can help with your chances of being accepted if they have a good credit history.


A credit card can help your credit score improve if you pay it on time. Over time it will show you have a good payment history and it can also diversify your credit if you have other types of credit accounts. Keeping a low balance will also help your debt to limit ratio. It will only hurt your credit if you max it out and don't pay it on time.


Yes, payment history accounts for 35% of your credit score. So paying your bills on time will help you maintain a good credit rating.


If you have poor credit history and are looking for a secure corporate credit card, you can search on creditcards.com to help you match the perfect card to you. It can help you search by credit history, credit score, rewards, fees, and much more.


A cosigner must have good credit, a reliable income and the willingness to sign for another individual. Cosigners help primary borrowers build a good credit history, along with on-time payments.


To build your credit history you just need to get a credit card and make purchases with it and pay it off. They offer bad credit credit cards for people who are just starting out, you can call Visa, or Mastercard.


Paying on a 'frozen' account will help your credit score but not immediately as the creditors want to see a 6 month to 1 year good repayment history.


You can qualify for fast cash loans by making sure you have a good credit history. To check your credit history you can view sites such as "credit history expert".


It's all part of your credit history..the good the bad and the ugly. I longer history is generally good.


You can find a free credit history score on websites that will help you do it. When I watch TV, I always see the commercial of freecreditscore.com .They might be able to help.


Usually lenders and banks uses your credit history to justify your financial credibility. Other than them, employers can also check do your credit check. Basically, your financial life depends on how good your credit history is.


If one has a bad credit history and would like to find out more about financing a car there are many sites that can help. Good places to start are financial institutions, online and credit unions. It is always a good idea to shop around to find the best deal.


Credit approval means your credit history will have to be checked before you can be approved for a loan, credit card, etc. If your credit report (history) is not good, then the chances are you will be turned down for a loan, credit cards, etc.


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.


It will be harder to get any loans, credit cards or a mortgage as your credit history has not been good.


Building a credit history requires taking out credit to get a history going. Open a no-annual-fee credit card and make sure to charge to it every month. Also, make sure to pay it off in full each month to build a positive credit history.



It makes it easier for them to get loans.


A credit history is a record held by credit reporting agencies like Equifax and Experian, of the credit you currently have and have held in the past. It also records how good you have managed that credit. There are many factors that determine your credit history. For instance, you may find you have got bad credit in case you have missed payments or defaulted on a loan.


There are many companies that cater to students with no credit history. One of the largest companies is Chase but store credit cards are also good to start.


In order to find out your business credit history, you must talk to someone at your local bank, credit union, or perhaps call your credit card company and ask to speak with someone who could help.


If they have never taken out a loan, credit card, or anything else, there is no credit history. You should start building credit while in college - small credit cards and student loans are good ways.



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