Thread: building credit
View Single Post
Old 09-26-2013, 10:49 PM   #11
dinosaur
Banned By Establishment
 
Join Date: Feb 2009
Location: bedroom
Posts: 3,112
Thanked 3,492 Times in 1,176 Posts
Failed 441 Times in 145 Posts
Before you do any of that, why don't you check your credit to see where you are currently at?

I am a little confused...do you want to "build" credit (whatever that means) or do you want to ensure you have/maintain/increase your credit score?

Having a high credit score and being debt free is where the banks want you for mortgage approval and having a significant amount of credit available, albeit not used, isn't necessarily a good thing.

If you are concerned about where you are currently sitting or would like to ensure you are on the right path, I would suggest signing up with equifax or transunion. For $10-ish/month you can have credit monitoring and access to your credit reports. If you are wanting to increase your credit score, you can enter a goal and it will provide you with information as to how to obtain it. They will also provide you with your detailed credit history.

When I was doing the mortgage thing, I signed up for Equifax just for piece of mind and ended up keeping it. Now, if I have to apply for credit, I know I'll be approved because I know where I stand.
dinosaur is offline   Reply With Quote