How to Build Good Credit

By making simple decisions like paying bills on time, living within your means, and maintaining responsible use of your available credit, you can take concrete steps toward building good credit. 

To understand how you can improve your credit score, you will first need to understand your credit report. 

What You Need to Know About Credit Reports and Credit Scores

The second item you will need to understand regarding your credit history involves your credit score, a numerical representation of your creditworthiness. 

What is a Credit Score?

These financial tools provide access to lines of credit for you to finance common consumer purchases instead of using your own money at the time of purchase.

Credit Cards

For the purposes of credit scores, you will want a diverse mix of retail store and major credit cards. 

Applying to Different Types of Credit Cards

If a family member already carry one of these retail or major credit cards, you might consider asking them to add you as an authorized user to their account. 

Authorized User Accounts

Having a trusted, creditworthy person cosign a loan can help you receive better terms on an auto loan for a new or used vehicle. 

Cosigned Loans

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