What is the correct way to build my credit history?
I just turned 18 and I wanna build my credit history right. What is the best and right way to do so? 1. Get a credit card, preferably a secured credit card (one where you give them some money, the money you give them is the amount of credit you have on that card. Give them 400, you then have 400 dollars credit. This is so you never go over the limit, and if for some reason you dont pay your montly balance, the money you gave them will be used to pay the balance for that month. This is so you dont hurt your credit score). 2. Always pay your bill on time or ahead of time. 3. Have 2 to 3 credit cards. No more, no less. Creditors like that you have multiple cards, but not alot. They also love to see the balance at “0”. Dont keep your credit cards sitting at over 60 to 70% of the credit limit. If you have a 2000 dollar credit limit, dont let your balance sit too long at around 1400 or more. And never keep it too close to the limit! 4. Never ever close a credit card. When you do not want a c
