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Tag Archives: building credit

Ask an Expert: How do I begin to build credit?

Q:  How do I begin to build credit? Dear Reader, Building your credit, whether you are starting from scratch or recovering from past financial mistakes, requires time, dedication, and a strategy. Since you have already taken the first step by asking yourself this question, we will look at some of the next steps you can consider.   One credit building option to consider is a secured credit card. Secured credit …Read More

Ask An Expert: When is it a good idea to seek a personal loan or balance transfer to take pay off a substantial balance on a credit card?

A: Dear reader, it’s very common for people to seek personal loans or balance transfers to pay off their credit cards when they feel overwhelmed with their debt or when it becomes difficult to make the monthly payments. Whenever you feel like that, it’s a good idea to look for debt repayment strategies immediately. If you are finding yourself in a similar situation, I recommend that before you move your …Read More

Ask An Expert: How can I build credit if I have no credit history?

Q. How can I build credit if I have no credit history? Dear Reader, Establishing your credit history for the first time can seem like a daunting task. Your lack of credit history tells creditors that you have no experience with credit and they may not want to risk lending you money. So how do you break the cycle? Well, your best option is to apply for a secured card. …Read More