It may not be speedy but the best and easiest way to build a strong credit history is to make steady, on-time payments every month. The easiest way to do this is to set up automatic payments on every account you have. You may thing it’s wise to avoid credit cards altogether, but the fact is – if you don’t have credit cards you won’t have any kind of credit history, and that will hurt you if it comes to applying for a mortgage for a house, for instance. Lenders want to see that you are experienced in taking on and handling credit, that you pay your bills on time, and that you manage a good credit to debt ratio. In addition, you should get your free credit report once a year at AnnualCreditReport.com, check for mistakes – and then truly fight fix them. That’s the the key to building – or re-building – a strong credit history!
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