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How Can I Establish – Improve – Or Rebuild – Good Credit?

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How Can I Establish – Improve – Or Rebuild – Good Credit?

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If you do not have a well-established credit history, you should begin to build one. The trick is to start small: try applying for credit with a local business, such as a department store or a local bank or credit union. These local merchants may have lower credit standards than larger lenders. Before you apply for credit, make sure the credit grantor reports credit history information to one of the major U.S. credit bureaus so you can build your history. Other options if you are having difficulty opening a credit account include asking a friend or family member to cosign your loan or credit card application or obtaining a secured card, which is guaranteed by a deposit you make with the card issuer. Actively Monitor and Manage Your Credit While the most obvious thing you can do to build a solid credit history is to pay your bills on time, you can also take steps to protect your credit standing and make sure your credit report is accurate when you apply for credit. Many credit reports c

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