The Key To Good Credit
You applied for credit, and your request was denied. Why? Perhaps you do not have an established credit record. Or,
you may not be considered creditworthy (you owe too much or have a poor record of using credit responsibly).
How do you establish credit? More importantly, how do you build "good" credit that allows you to borrow money to buy
what you would otherwise have to save for years to acquire — such as a vehicle, home or college education?
A key to financial success is to effectively manage your money before borrowing for the first time or borrowing more.
Manage Your Money
- Know exactly how much money you have and how you spend it.
- Create a budget for controlling spending.
- Maintain active checking and savings accounts with no checks returned for insufficient funds.
- Pay bills on time.
- Save and invest for emergencies, retirement and long-term goals.
Topics covered in this section are:
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Basic Money Management
Basic Money Management