Your Credit History

How to Build Credit

There are real benefits to paying cash for everything. But if you always pay cash, you might not have a credit history. A credit history will help you when you want to buy a car, a house or even get a job.

Here are some ideas to start a credit history.

• Get a credit card. Buy something with it, and then pay it off quickly.
  
  
• If you cannot get a standard credit card, ask your bank for a “secured” credit card.
  
  
• If you are married, make sure that some credit accounts are in your name; not just in your spouse’s name.
  
  
• Get a small loan from your bank. Pay it back on time.

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