What is the best way to get credit with credit cards
Using credit cards can be a wonderful way to build great credit. They can be used for credit repair by making small charges and paying them off each month. If you periodically obtain a free credit report, you can watch your credit improve. What is a good credit score can vary a bit by lender, but generally the higher the better.
Potential creditors generally look to see that you’ve had some credit in the past and repaid it timely. Getting a free credit report is a great way to see where you stand before applying for new credit. If you see any incorrect items, immediately take action towards credit repair, usually by sending letters and providing proof that the item is incorrect. You may have to dig out old cheques or contact the lender, but it’s well worth the effort.
Since each lender has some leeway in determining what credit level they will accept, it’s a good idea to contact a potential lender in advance. If you think you might apply for credit, call and enquire what is considered a good credit score as far as that provider is concerned. With that free credit report in hand you’ll know if you meet that score, or if some credit repair is in order.
If you don’t have any credit cards, it might be a good idea to get one, make a few charges, and pay the bill promptly when it comes. While what is a good credit score can vary, no credit at all means no score, and that could make things difficult down the road if you decide to borrow money for a car or a mortgage.
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