Credit history impacts your future ability to access credit. Much like getting your dream job, experience matters in getting the best credit. It takes time and it requires you to build your skills.
Here are a few tips to build a solid credit history:
- Think short term – Credit should be used for short term needs that can be paid back quickly
- Think long-term – choose a Credit Card or Line of Credit that will provide you the best benefits over the long-term (cash back, miles, discounts)
- Keep your balance under 30% of your available limit. Less than 10% is optimal.