Term: establish credit
7 found

Help! I Have No Credit Score

By Steven Shaw on 10/22/2015

no credit score

Establishing a good credit score can be a confusing process, especially if you are getting conflicting advice about the best way to do it. A Credit.com blog reader asked us recently about the best way to build a credit score. He said he plans to start with a secured credit card, but some people are telling him he should pay his bills in full each month, while others recommend he should carry a balance of about 10% of the limit so his “score will go up faster.” He wants to know: Who’s right?

credit score
establish credit
no credit score
Secured Credit Card

7 Ways to Build Credit Without a Credit Card

By Steven Shaw on 8/7/2015

build credit

Let’s say you know you want good credit, but you also know you do NOT want the most ubiquitous credit product around. No way do you want a credit card. Perhaps you follow a certain personal finance guru’s advice to avoid them. Or maybe you’ve gotten in trouble with them before and don’t want to take any chances with having one again. Whatever the reason, you don’t want to go the plastic route.

alternative credit
alternative data
build credit
establish credit
non-traditional credit

Money 101: How to Get Your Credit Ready for College

By Steven Shaw on 6/18/2015

Money 101: How to Get Your Credit Ready for College

For many students, the beginning of your college career is also the beginning of your transition to adulthood. You will likely have more freedom — and responsibility — than you have ever had before. One of the most important aspects to being an adult is planning ahead and living with intention, especially when it comes to your finances and building credit. As a credit coach, I’ve assembled the top five tips to help you start to build healthy credit and begin your life as a responsible adult.

build credit
College
college students
establish credit
Money 101
students

Have You Become a Credit Ghost?

By Steven Shaw on 9/18/2013

credit ghost

At one point you had credit, and could get more when you need it. But then you checked out of the credit system for awhile. Perhaps it was a move overseas, a stint in prison, or a marriage to someone who kept credit accounts in their name only.

Whatever the reason, you now find your credit record has, for all intents and purposes, disappeared. You feel like you’ve become invisible to lenders, a ghost in the world of credit, if you will.

How do you get back into the land of the living?

credit
credit score
establish credit
re-establish credit

Millennials Ignore Credit Cards. Should They?

By Steven Shaw on 6/20/2013

millennials ignore credit cards

More and more young people are opting for a cash lifestyle. By the end of 2012, 16% of Americans ages 18 to 29 didn’t use a single credit card, up from 8% in 2007, according to a study by credit score provider FICO.

CARD Act
CARD Act of 2009
Credit Card Debt
credit cards
establish credit

Get a head start on your New Year’s resolutions

By Steve Ely on 12/4/2012

Every year, we see the same stories in January.  Lose weight, get organized, save money, start a budget and so on.  I’m not going to quote the statistics (aren’t 96% of all statistics made up?), but we all know how effective these resolutions turn out to be.  Very few of us stick to any of them.  So here’s my suggestion for a New Year’s Resolution – get started in December, so you can at least brag to your friends that you beat them to the punch when you attend all those holiday parties.

"credit score"
"pay off balance"
alternative data
establish credit
FICO

American Parents and British Parents Share Some Bad Credit Habits

By Susan Cataldo on 5/20/2012

According to the UK publication, The Guardian, it is not just American parents who disadvantage their children while trying to help.  Things are tough right now and increasing numbers of parents everywhere are trying to help their adult children out financially. Although motivated by good intentions, by putting credit agreements, mobile phone contracts, call loans, credit cards and even mortgages in their own names, they are preventing their children from developing a credit record. 

credit
establish credit
no credit