When you pay with cash and debit cards and never borrow money, there is no way for the banks to know if you will pay back your first loan or line of credit.
You can often obtain a department store credit card or an oil company credit card more easily than a major credit card. Paying these back on time helps you qualify for a major credit card later on.
You can also apply for a secured credit card. Some secured cards will convert to nonsecured cards after a certain period of positive credit history.
WHO LOOKS AT CREDIT?
- Banks
- Insurance Companies
- Employers
- Auto Dealers
- Credit Card Companies
To Jump Start your credit, contact PEPP today!
