Understanding Credit
Building Your Credit History

• Establish a steady work record.
• Pay all bills promptly.
• Open a checking account and don't bounce checks or overdraw your account.
• Open a savings account and make regular deposits.
• Apply for a local store credit card and make regular monthly payments.
• Apply for a small loan using your savings account as collateral.
• Get a co-signer on a loan and pay back the loan as agreed.
• Call your credit card issuer. Ask for a lower interest rate if you pay your bills on time.
• If you use card responsibly- you can build good credit and spending habits.