What you can do starting today

A recap of your best next steps.

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Good credit can give you financial flexibility and options. So let’s recap what you can do to build good credit and limit how much it costs you. Image Description
First, shop for a credit card with a low annual fee and a low interest rate. Every month, pay at least the minimum payment due and more whenever you can. Pay off your balance as quickly as you can. Image Description
Second, if you apply for a loan, shop around. Look for a lender with a good reputation. Understand the terms of the loan agreement before you sign. Image Description
Third, order a free credit report and find out your credit score. One of the best ways to improve your score is to always pay your bills on time. Image Description
Finally, remember that the key to financial freedom is living within your income. Never borrow more than you can manage to repay. Image Description
If you find yourself in trouble with debt, take action early. Call your lender and work with them to decide your next steps. Image Description
For more information about using credit to your advantage, click on Library. To test what you’ve learned, click the Next button. Image Description

  • Credit = Ability to borrow money
  • Can give you financial options, flexibility, opportunities
  • Get credit card with low annual fee & interest rate
  • Save on interest; pay off credit card bills quickly
  • Comparison shop for loans
  • Choose a responsible lender
  • Understand loan agreement before you sign
  • Know your credit score; work to improve it
  • Study your credit report; correct errors
  • Debt < 20% of yearly net income
  • Credit card payments < 10% of monthly net income
  • In trouble with debt? Contact your lender immediately
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    For more information, click on Library. To test what you’ve learned about credit, click the Next button.
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