There are a lot and it is. But never forget that credit is your queen. Therefore, whether you’re seeking a credit line in life, or whether you are in high school or college looking to build credit, everybody should understand how to construct credit.
Establishing a good credit history starts with you. Contrary to popular belief it does not start with somebody else that has great credit, that might be co-signing on a loan with you. When a bank or credit card company is currently deciding whether or not to provide you a credit line, your credit history is closely reviewed by them. Can you make the payments? Even more important, there has to actually be a history for those banks to review. This year, if you receive your credit card but pay it off right away you get, there’s absolutely not any ongoing history of making payments for the banks to review. (more…)