How to Build Credit History
Having a good credit score saves you money on everything you finance, and can even help you get a job or pay less for insurance. But how do you build credit and achieve an excellent credit score?
Start small and pay religiously on time
Add an installment loan
Keep balances low
It’s easier to build good credit from nothing than it is to rebuild bad credit.
How…
Avoid Making These Mistakes with Your Credit Cards
Credit cards can have many practical uses. You might be using credit cards to maximize rewards or simply to have convenient access to borrowed funds. The reasons to have and use a credit card can vary, but everyone should follow some basic rules when it comes to using a credit card efficiently.
If you misuse your credit cards, it could affect…
Bad credit loans: How much does bad credit cost me?
How do you know if you can get a “prime” loan, or if you need bad credit loans instead?
If your FICO puts you into the “poor” credit range, you’ll probably need non-prime financing
You may even need bad credit loans if your score is “fair”
Recent events like foreclosures, bankruptcies, charge-offs, or collections mak…