We all know that we need good credit. You need it to get a house or a new car; some companies even do credit checks before hiring. What is credit, though? How do you get it and keep it in good standing? Credit is essentially borrowing money from a lender, with an outlined pay! back plan for the borrowed money. Let's look at how you can establish, protect and improve your credit.
Establish Credit
This starts by simply borrowing money -- could be with a car loan, credit card or any number of different types of loans. What really establishes your good credit, though, is the way in which you pay back the money that was borrowed, how you handle the money and your consistency in payments. Creditors are basically looking to see if they can trust you with money. Loan amounts and credit limits start out low, but as you show that you can be responsible, you will build your credit, allowing you to borrow more so that you can buy a car, a house or any other major life purchase.! ... click here to read the rest of the article titled "Your Credit | Establish, Protect and Improve"
No comments:
Post a Comment