What is the best way for me to build good credit?
The key to financial power lies in your credit rating. If you plan to get a home loan, save money and get better credit starting now!
recently my bank issued me a credit card it has an interest rate of like 22.99% and i just want to know would it be a good idea for me to do something like pay part of my tuition which would be 400.00 and pay it off as soon as i get the bill i thought it would be but the thing is the interest rate i don't want to have the interest add on like another fifty dollars. so should i use it to pay for tuition to build up credit or should i just use it for every day purchases and leave it at that?
What is the best way for me to build good credit?The best way to build credit is to borrow money and make payments on time. You have to keep borrowing money and keep making payments on time to keep your credit score high.
All it's good for is getting into debt.
If you pay as you go. Live on less money than you make you will have money.
Your credit score is based solely on debt.
How much debt you have.
How long you have been in debt.
How often you make payments on debt.
What kinda debt you have.
It's actually an I LOVE DEBT score.
What is the best way for me to build good credit?first of all, citi bank has credit cards for college students, low interest rates for students with no credit history. being a college student, I am also looking for ways to build credit. The best thing to do is to get an auto loan. if you cannot afford it, then just spend money on the credit card, but spend only what you have and dont let the credit card company rape you with interest. You still build credit when you pay off the bill on time. I never knew that. hope that answered your question!
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