3 Tips for Building Excellent Credit
Written on July 21, 2010 – 8:02 am | by Katie Perry
It’s not exactly a secret that trying to build credit as a student is like power washing a house with toothbrush. There are a lot of hurdles, but having an established credit history is absolutely crucial for pretty much every big life event in the book.
For instance, did you know that in many cases you need to pass a credit check to rent an apartment? Or that for pricier cell phone carriers like Verizon, you need credit just to start a contract?
Credit is more widespread than you’d think, so here are some tips to bulk up your history and score:
- Credit comes from more places than just cards.
If you thought that a credit card was the only way to build credit, you’re mistaken. Many
The market post recession has been recovering but is still sluggish and U.S. consumer credit has been dropping sharply indicating that customers are wary to borrow considering the uncertainty about the prospects economically.
determining credit risk for each current and future cardholders. The Federal Reserve Board is one of the major oversight and regulatory agencies for these card issuers. The Board frequently does research and issues reports about the industry. 