Steps To Build Personal Credit (Simplified)

1. Pay Bills on Time: Always pay your bills when they’re due. This shows you’re reliable.
2. Keep Credit Card Balances Low: Don’t max out your credit cards. Try to use less than 30% of your credit limit.
3. Don’t Open Too Many Accounts: Opening lots of accounts quickly can hurt your credit. Stick to what you need.
4. Check Your Credit Report: Look at your credit report regularly to make sure everything’s correct.
5. Use Different Types of Credit: Having a mix of credit types, like credit cards and loans, can help your score.
6. Start Small: If you’re new to credit, start with a secured credit card or become an authorized user on someone else’s card.
7. Don’t Close Old Accounts: Even if you’re not using them, keep old accounts open. They help your credit history.
8. Borrow Responsibly: Only borrow what you need and can afford to pay back.

Following these simple steps can help you build good credit over time.