For young people it may be difficult to get approved for your first loan or credit card. When you finally decide that you are ready to take on the responsibility of using a credit card or a loan the lender is going to pull your credit report. Your credit report tracks all of your late or on time payment history. When you turn 18 you are eligible to apply for loans, however it may be difficult to get approved because you will not have any credit history. Sometimes having no credit is just as bad as having poor credit. One thing you may want to consider to help building credit is to apply for a share secured loan. A share secured loan is a great way to give a young adult financial responsibility. Then loan is secured by the money in your savings account. Make your payments on time and only pay the amount that is due each month. Keep the loan for the entire term. This will show lenders that you can make on time monthly payments and you can handle debt responsibly. Stop by or call your nearest FCFCU center today to get more information!
Search This Blog
Join Us On
Subscribe to this blog
That's an RSS feed. Just click on it to receive content updates.
Categories
- Auto Loans Indianapolis
- Bank Health Savings Account
- Bank HSA
- Best HSA
- Credit Union Bank Card
- Credit Union Banking
- Credit Union Credit Cards
- Credit Union HSA
- Credit Union Secured Credit Card
- Credit Union Visa Card
- FCFCU
- Federal Credit Union Credit Card
- Federal Union Credit Card
- Financial Education Indianapolis
- Financial Services Indianapolis
- Health Savings Account Indianapolis
- Health Savings Account Plan
- Health Savings Accounts Banks
- Health Savings Accounts FAQ
- How to Manage Money
- HSA Accounts
- HSA Bank Account
- HSA Banks
- HSA Benefits
- HSA Health Plans
- HSA Health Savings Accounts
- HSA Indianapolis
- HSA Information
- HSA Savings
- Indiana HSA
- Indianapolis Bank
- Indianapolis Bank Locations
- Indianapolis Checking Accounts
- Indianapolis Credit Union
- Indianapolis Federal Credit Union
- Indianapolis Finance Center
- Indianapolis Loan Rates
- Indianapolis Savings Account
- Learning About Money
- Local Credit Union
- Medical Savings Account Indianapolis
- Money Education
- Money Literacy
- Mortgage Account Indianapolis
- What is a Health Savings Account
Copyright © 2009 Finance Center Federal Credit Union (Financial Center). All rights reserved.
Powered by Compendium Blogware
Comments for Building Credit - consider a share secured loan!