Whats credits ... ?

what is credit ?

- Credit is an abilitly of a customer to obtain goods , or obtain goods or services before payment , based on the trust that payment will be made in the future .
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3 habits that demonstrate good credit risk

  1. Only borrow what you can afford. Show that you know how to only borrow what you can pay back .
  2. Use only small amount of the credit you have available. You don't want to max out your credit cards
  3. Don't make the mistake of opening up to many credit cards. Dont make the mistake of opening up too many cards to soon.

what is a credit score and why it is important ?

700 - 850 is typicially a good credit score ,

Start small and build up good cosigner apply for a second credit card.

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How do i improve my credit score ?

  1. Pay your bills on time. Delinquent payments and collections can have a major negative impact on a credit score.
  2. Keep balances low on credit cards and other "revolving credit." ...
  3. Apply for and open new credit accounts only as needed. ...
  4. Pay off debt rather than moving it around.

good credit .... How do i maintain good credit ?

- keep bills low on credit cards , apply for and open new credit accounts only as needed, pay off debt rather than moving it around .