If you are just starting out on building your credit, you want to be smart about building good credit from the beginning. Too many people rush into the world of credit and don’t stop to think about how their actions will affect their credit score and ability to qualify for credit in the future. So here are 5 tips to help you get started on the right foot:
1. Open a revolving credit account. This means applying for a credit card at a major credit company, such as Visa, MasterCard,Ray Ban Sunglasses Outlet, or Discover. When you get your card, use it. If you Cheap Ray Ban Sunglasses Outlet would normally pay cash for twenty dollars in groceries,Oakley Sunglasses Outlet, use your credit card. Then deposit that twenty-dollar bill into your checking cheap ray ban sunglasses Sale account and immediately write a check to the credit card company for the bill you will receive that month. You will establish a good payment history very quickly this way.
2. If you have a high credit limit, use at least a third of it. Another aspect of your credit score is the ratio of credit used to your available credit. So if you have six hundred dollars in credit limit at Visa,Fake Oakle, spend two hundred dollars and pay this off promptly.
3. Always pay on time. Again, if you Ray Ban Wayfarer Sunglasses Sale can pay your credit card bills as you use your card,cheap oakley sunglasses and eyeglasses outlet Baskets full of sweet Love- chocol, you will avoid forgetting to pay at the end of the Ray Ban Sunglasses Outlet month. Avoid paying late, even if you are willing to pay the late fee. This late payment will show up on your credit report and lower your credit score.
4,Ray Ban Sunglasses Outlet Do You Know What Toefl I,Oakley Sunglasses Outlet Store. Avoid applying for a lot of credit. When companies run your credit to see Oakley Sunglasses Official Website if you qualify for a credit card or a loan, this inquiry is recorded on your report for the next two years. These types of hard credit inquiries can lower your credit score. So pick what card you want and apply for it, then stop.
5. Finally, always pay your other bills on time. Utility companies, landlords, and medical billing agencies often report your payment history to credit bureaus. Get in the habit of being prompt.