How to Build Good Credit
Not only does having good credit help when you’re looking to buy your own home or a new car, but it also can help you get cheaper insurance premiums.
The first step in determining whether you need to build up your credit, is to take a look at your credit report. You can receive a free credit report every year through Equifax, Experian, or TransUnion. This report will contain your name, address, Social Security number and credit payment history. Scores range from 300 to 850 with 700 generally considered to be a good score.
The most important thing when it comes to building up a good credit score is to pay all your bills on time and keep your debt at a manageable level. If you don’t have any credit, you should consider building up some. Good credit looks better than no credit!
When choosing a credit card that’s best for you and your credit score, make sure to read through the terms and conditions associated with the card. Look at the annual fees, annual percentage rates, and repayment requirements to find the card that best suits you.
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AZ Insurance Team