Slow and Steady
I am sure that many of us, as we have attempted to purchase assets and things not so asset-like, have had to fill out that little form affectionately known as a credit application. Many times, they are shoved under our noses as we just about to check out of a department store. Often we are told, just as we decide on a living room suite, that we are entitled to purchase it with, “No Interest! No Payments ‘Till March 2010!” The truth of the matter is, we should have all been schooled in the area of credit and how it works before we ever filled out that first application.
It’s a good idea to start building your credit slowly but
surely. Building credit is like letting
a pot of gumbo slow-cook over a fire.
The taste will be long-lasting and you’ll appreciate it for a long time.
If you are looking to establish credit for the first time or even looking to
rebuild your credit, you could begin by visiting your local credit union or
bank and telling them that you would like to establish credit by taking out an
unsecured loan for a relatively small amount.