CREDIT RESTORATION TIPS!

I Wish I’d … Opened a Credit Account Sooner... People who put off opening a credit account until they’re well into adulthood often find that it’s tough to get lenders to approve them. Although only 15 percent of your credit score comes from the length of your credit history, without a long and strong record of making on-time payments, many lenders aren’t willing to take a risk on a new borrower. To overcome this obstacle (and your intense regret), do what you can to start using credit right now. The easiest way to do this is with a credit card. There are some cards on the market that are fairly easy to qualify for even if your credit history is limited. If that route doesn’t work, consider a secured card. Since using this type of plastic involves tapping a credit line, you’ll be able to build good credit as you use your card responsibly. As a reminder, this means paying your balance on time and in full every month. Knowledge is Power and Credit is King! #NoMoreExcuses