Building a good credit history means developing good credit habits:
 Get a credit card and use it responsibly
 Make purchases every billing period, and pay them off in full and on time
 Apply gradually for additional credit You can keep up to date
on what the credit reporting agencies know about you by checking your credit report three times a year—once at each of the three major bureaus. It’s free. All you have to do is log on to www.annualcreditreport.com and follow the instructions. You’ll also find out how to correct errors or add explanations.  The three major national credit bureaus—Equifax, Experian, and Trans Union—collect two types of information about you. The first is how you use credit, from how much you owe on car loans, mortgages, and credit cards to the timeliness of your monthly payments. There’s an incredible amount of data that falls into this category— about two billion items a month, which breaks down to an average of 11 items per credit user. Did you ever wonder why it takes a retail store or an online credit card company just a minute or two to approve your application for credit? Did you know that you may be quoted   Read more…