Q: Building credit is important, what are some ways people can begin to build credit?
A: We actually get this question a lot. Building a credit score is pretty easy. You need three things: one trade line, six months of payment history, and activity on that trade line in the last six months.
Q: What is a Trade Line?
A: A trade line is any credit account, like a vehicle loan or a credit card. These are the different accounts that show up on your credit report.
Q: What is the easiest way to build credit?
A: When building credit, we recommend applying for a credit card with a manageable limit. Then to build your payment history, begin charging items that you know you can pay off monthly, like gas or groceries. Make on-time payments, and ideally, pay off the balance each month for six or more months. Before you know it you will probably have reasonable credit score.