Sentences with phrase «just establishing a credit history»

You may need this boost if you are just establishing a credit history or have only a few accounts.

Not exact matches

Student credit cards do more than just help you establish a credit history - they teach responsibility and good money management skills.

If you're just getting started with a credit card, it's important to establish a history.

If you are just starting to establish a credit history, set yourself up for success by using a credit card to make small, manageable purchases, such as gas and groceries, says Battison.

Again, those who opt for this type of credit are paying not just for the ability to borrow money but for the benefits this type of credit brings to their personal or business finances including flexible payment terms for individuals and a way to establish a payment history with bureaus for your business among others.

It seems counterintuitive, but just as with a first - time credit cardholder who needs to establish a positive payment history, you need to do the same if you have a low credit score for any reason, or have defaulted on past bills or payments and need to rectify that behavior.

if you are new to credit (for example, have just opened your first credit card) it will take time to establish a positive credit history and earn a high credit score.

Just as with thin credit for people that have not established a credit history, a cosigner can turn the student loan for bad credit application into an approved student loan application.

Just like in establishing a responsible credit history, having debt in something like a mortgage and using it responsibly can be good for your credit score.

Many people just starting out have no credit history and may find it tough to get a credit card or loan, but establishing a credit history that is good is not as difficult as it seems.

It's important to understand that all lines will help establish history, but when considering someone who is just starting to build credit, or is recovering and needs new credit to reflect, a revolving line of credit is best.

This kind of personalized approach is great if you're financially responsible, but just haven't had time to establish a lengthy credit history yet.

Others, especially recent graduates just starting out, have not had a chance to establish a credit history.

Lenders understand that young adults just starting out may have no credit history, and one of the best ways to establish a solid credit record is to make prompt payments on a loan over a lengthy period of time, which is exactly what a car loan entails.

The basic lesson here is that while a good score can be obtained without any of your own credit history — just an authorized user account — no long - term score stability will be achieved without first establishing some credit in your own name and responsibly maintaining that credit for as long as possible.

Establishing a good credit history while still in school will be just as important in helping you achieve your goals once you are out of school.

If you have 22 or more long term revolving accounts, opening or closing some additional accounts won't have as much of an impact if you have an established credit history then if you are just starting out.