Credit???????

How do you get credit?


And for that matter, how do you get good credit?|||Once you enter college, it is way easier than it should be, because the credit card companies will send you a pre-approved ap. Sign it and they send you a card. Those cards usually have pretty sweet terms too. They are often zero interest if you make your payments on time and stick to the terms of the offer.





And then comes the hard part. It is soooooo easy to say "It's only $10 a month." It's NEVER $10 a month. If you buy stuff on credit and don't pay off the bill right away, you end up paying way more than you expected to for whatever you bought.





Our country and a lot of people are in big trouble because they owe everybody and owe way too much. One "hiccup" a loss of income, illness or catastrophe and they can't make those payments anymore.





If you screw up your credit, everything costs you more. Your auto insurance, life insurance and other things are often priced based on your credit. If you screw up your credit, it can be tough to rent a place to live and can even keep you from getting a job you want. More and more people are checking credit before offering you anything! It really is unreasonable.





The credit card companies rarely cut anyone slack, so you can have your interest rate go from zero to 24% after a single late payment (it depends on the bank as to how fast and how much it rises). That's on top of a $35 late fee and maybe an overlimit fee too.





So.....accept one of those student offers and ONLY one. Keep it for emergencies, and when you do use it, plan to pay it off right away. Don't keep a balance on it while you're in college. It will be hard enough to balance your bills without debt. I made my kids promise to learn to balance their expenses on cash only for two years before even getting a credit card. They've found that to be excellent advice.





Then use it carefully and keep your total monthly expenditures (the money you give the card companies) under 20% of your total take home pay. That's usually manageable. Run a small balance rarely. Once you acquire bigger things like a car or even school loans, you'll run a balance which will help your credit rating as long as you pay on time (your car payment should still be within that 20%.





It's way to easy to get credit and very hard to have the discipline to use it right and not run into problems.|||You can get a credit card. Make sure you use it wisely and only spend what you can afford to payoff every month. As far as good credit, keep your balance at 30% or less of your credit limit. Also, make sure you are never 30 days late on your payment. Being late only shows on your credit if it is 30 days or more. There are credit cards designed for people who are trying to establish credit, just search the internet.|||I have seen people get great credit by getting into the habbit of buying their gas on a credit card. It is usually a fixed amount so as long as you only buy gas with it you will keep it in control. Use the money that you would have spent to pay your card off at the end of the month. Little habbits like this can really give you a good score, I've posted some more good credit habbits on the link below.|||what do you mean credit? can you please identify your subject because it is clearly not stable for me to completely comprehend it.