How to Get Good Credit

The United States Credit Bureau is composed of three companies:

(tag_strong Equifax, Experian and TransUnion, which each generate a score, in order to qualify people and define their credit level.

The credit report specifies and reports on current and past, past due or fully paid payments. It also reports balances for all accounts. Reports on public record, liens, child support, outstanding taxes or bankruptcy, and other additional details.

To talk about credit is to talk about trust

If you don't have a credit history, I will tell you how to build an alternative credit:

You must prove that you have paid rent in full, as well as energy, telephone, gas, cell phone, car insurance or similar expenses.

A good recommendation is that you should keep checks for those payments, as well as receipts. In addition, you must also have the rental contract in your name and ask for letters to the insurance companies, tel., energy, gas, etc. when necessary in order to build your alternative credit perfectly well and use them for the purchase of your property.

You can also apply for secured credit cards that different banks have at your disposal or enter an account as a co-signer. That's how you start building your credit in the United States.

If you already have credit, I will make some recommendations that I consider fundamental:

It's all based on taking great care in managing and complying with the different monthly payments you have to make on your accounts.

If you pay them on time and do not fall behind in your payments, you will acquire a good credit.

If you are behind on a payment, you must update it and then keep it permanently paid.

It is important to keep in mind that if you have missed a payment and then cancel it, paying it doesn't make it disappear from your credit report, so be careful to pay off in an organized and disciplined manner, all monthly bill payments.

I'll show you the drawbacks that affect credit:

1. Pay bills after the deadline.

2. Accumulate too many cards with very high balances, even if you pay in full.

3. Owe more than 50% of credit accounts or similar.

4. Pay less than the minimum amount

5. Have overdue bills and turn them in to a collection agency

6. Legal garnishments

7. Bankruptcy

Advantages of Excellent Credit

If you have good credit, you should keep it that way. If you've had different loans, credit cards and accounts and paid them off on time, you may have an excellent credit history.

The advantages of having excellent credit are:

Establish a credit based on mortgage loans, credit cards or similar.

By not exceeding credit limits and paying bills on time, you'll get better conditions for buying or refinancing a home or car.

You get any amount of credit cards and you can choose the one that is most convenient for you and your family.

You can buy whatever you want (If you qualify) at the lowest interest and fees.

You have all the confidence of different companies and people.