BUILDING CREDIT
Learn how to build a score that opens doors
Building Credit: A Plan and Patience
Building credit means establishing a positive credit history that demonstrates responsible borrowing and repayment.- Understand how credit score works
- Credit: Cornerstone Foundation’s Journey to Financial Wellness (developed by the Financial Well-Being Task Force) Managing Credit
- Monitor your credit score
- Get a free copy of your credit report
- There are resources such as Experian App, Annualcreditreport.com, Credit Karma
- Apply for credit which can help boost your credit score with an on time payment history
- Use credit responsibly
- Your payment history is by far the biggest factor in your credit score. Even one late payment can hurt, so set reminders or automate your payments if you can.
- Spending a small amount and paying it off in full each month is the sweet spot. Try to keep your balance below 30% of your limit (under 10% is even better).
Credit Building Tips
- Start Now: Get a Free Copy of Your Credit Report
- Apply for Low-Risk Accounts
- Use Your Credit Card—But Just a Little
- Always Pay On Time
- Be Patient and Consistent
- Ask for help when you need it - that's what we're here for!
Be Patient and Consistent
Credit scores take time to grow. Don’t worry if things move slowly at first—just keep making smart moves, and your score will reflect it over time. And be sure to check back in with annualcreditreport.com every few months. Catching errors early helps protect your progress.
Tools and Resources
Secured Platinum Visa
Help Managing Debt
Free Credit Reports
Financial Wellness Resources
Your credit score is quite important. It impacts where you live and could even determine whether you secure your dream job.
Credit scores can tell lenders, landlords, and employers quite a few things about a person.
Whatever you do.... DON'T do these two things before buying a house.