Article: How To Establish Credit
|
|
|
|
|
How To Establish Credit
It's been a Catch-22 dilemma, especially for young people, since the dawn of the Credit Age. You want credit, but you can't get credit because you've never had credit before. It's a situation everyone faces as they begin to try to become creditworthy.
In order to qualify for a credit card, you must me at least 18 years old (or 21, if you're a permanent resident of Puerto Rico). From then on, the rules get more complex and are subject to interpretation by credit card issuers. In general, however, you'll need a regular source of income or savings, so the credit card issuer can be assured you have the ability to repay the money. They'll also look at your credit history, which is where most young people will begin to have difficulty, because they don't HAVE any credit history. <...
|
|
|
|
|
|
|
Home
|
Back To Articles Directory
|
|
|
Send your comments, Suggestions or
Queries regarding this site at roseindia_net@yahoo.com.
|
|
Copyright © 2006. All rights
reserved.
|
|