7 EASY STEPS TO ESTABLISH CREDIT
Establishing credit helps build financial stability. If you have no credit history, there are several easy steps you can take to establish it. There is a common misconception that no credit is as bad as poor credit. This is not true. However, establishing credit from scratch requires some time and a little afford. Here are 7 easy steps to help you establish credit:
- Join a credit union.
- Open a checking and savings account.
- Make steady deposits to savings account.
Don’t be discouraged if currently you can put small amount towards savings. Focus on making regular deposits and stay on track.
- Avoid overdraft on your checking account.
Overdrafts are indications of a cash flow problem.
- Open a credit card.
- Open a Secured Credit Card.
If regular credit card is not an option right now start by opening secured credit card. Your credit union is a good place to apply.
- Get copy of your credit reports from credit bureaus.
If you find any errors work on correcting them yourself or hire professional credit Repair Company.