Investing in your future

Kim Darrell By Kim Darrell, 2nd Oct 2013 | Follow this author | RSS Feed
Posted in Wikinut>Money>Investing

This article will explore one way a person can take when trying to establish their credit to ensure a financially secure future

Establishing good credit

Sometime having no credit is actually worse than having bad credit. At least when you have a poor credit rating, there are ways to improve you credit score but if you have no credit, then it becomes difficult to start getting credit. But because of the uncertainties in today's world, it is imperative that an individual start gaining good credit for future use.

There are many ways a person can go about gaining good credit. One of the ways is through the use of credit cards. Now this method can become a slippery slope but if utilized in the proper way, you can establish some credit and gain good credit at a fairly early stage.

First apply for a credit card. You need to do the proper research to discover what kind of card will suit your future needs and compare interest rates as well as fix rates. This can be either secured or unsecured but make sure the credit limit is set at a price that you know you can manage. Then after you receive your card make a small purchase. Then pay off this purchase as soon as the bill arrives so you don't incur any interest cost. Performing this small action over time will ensure that you have a credit standing and a good one at that.

Use of a credit card has to be very limited as if overused the individual can find themselves way in over their head. But if used properly you can use this method to establish credit. But this takes time so don't get discouraged and if you keep at it, over time you will discover that you do indeed have a good credit score associated with your name.


Credit, Credit Cards, Investing, Money

Meet the author

author avatar Kim Darrell
I have been a freelance writer for six years. I love to write articles on family, friends, kids, life, crafts, and hobbies

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