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For someone just starting out, the best advice is to establish spending habits that will help you to make and keep your credit strong. Your credit score, which is a grade of how well you handle credit and loans, depends on two things: 1) The length of your credit history i.e. Do you have a track record that lets people see how well you handle credit? 2) The quality of your credit history i.e. During the time that you’ve had a credit history, have you created a pattern of making payments on time and according to the terms of your loan or credit agreements?
The best way to build a credit history and then to get good credit, is to own a line of credit through a financial tool like a credit card. Keep your credit balance in good standing by making charges and then making monthly credit payments on time. But make sure never to spend more money than you can handle.
FYI: The credit reporting agency Equifax provides a helpful website with information on credit. It’s written for the general public, so it's very easy to read.
http://learn.equifax.com/
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∙ 16y ago
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How long after bankruptcy does your credit score start to improve?
After 7 years, you can start rebuilding your credit.
When did credit card protection start?
credit card condoms
What credit cards start with 4017?
what--?
Can you get a credit card with no job and no checking or savings account and if so where do you look?
Start with a department store card. If you can't get that start with a "secured" credit card. It will build credit and allow you to apply for a regular credit card down the road.
what credit card start wit 60105?
In my opinion I think it is your grandma's credit card
When did credit start?
In the United States, credit started in the 1700's. Pilgrims were the first people who brought credit to this country.
What year did the credit crunch start?
2007
What credit card start with 3727?
AmericanExpress
What credit card start 5301?
Master
What are some words that start with the prefix cred?
Some words that start with the prefix "cred" are credibility, credit, and credential.
How to get Credit cards for people with bad credit?
You need to start with a secured credit card if eligible then progress from there. With bad credit you won't be eligible for unsecure ones.
What is the credit score you start off with if you have no credit?
If you don't have credit, you **can't** have a score, since they are solely based on your use of your credit. The bureaus return a report saying "no credit information on file".
