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»  Credit & Credit Building Tips

  • To improve your credit report appearance and before applying for a loan, close accounts you don't use, like old credit cards, and make sure they are listed on your credit report as closed at your request.
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  • It's good to have at least three credit cards at all times. Use one for clothing only, one for household expenses and keep one for emergencies only. By keeping purchases separate, you can easily see where your money.
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  • Pay off your credit card balance every month. This saves you tons of money in interest charges.
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  • Pay attention to the interest rates. If you are re-building your credit you can easily get a high interest rate card from a variety of lenders. Pay your bill on time for one year. Then apply for and get a new card with a lower rate. Then cancel your high-rate card.
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