How to build your credit

In order to build your credit you will need to prepare your mind. When a bill is due, call or write the company and inform them of the delay in payment. By providing this information, you will establish your credit worthiness and assign you a rating in accordance with the agency's policies. All working class individuals are reported to the Credit Agencies. Along with reporting the delay also inquire to the Credit Bureau about any information which is incomplete or inaccurate. Concerning credit cards--if you don't think you are able to pay the full amount of purchase at the end of the month, then do not purchase the item.

Instructions

Difficulty: Challenging

Things You’ll Need:

• An open and clear mind

1. Plan your budget prior to receiving your pay check!
2. Do not purchase with credit cards if you do not have money!
3. Do not carry credit cards when shopping!

Tips & Warnings

• If you are married---both of you should learn how to manage your money together.
• If you and your spouse are unable to manage your money, seek professional assistance.