Tips For Establishing Credit

Dated: 08/14/2018

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5 Tips For Establishing Credit

Open A Bank Account

Open a bank account and use it responsibly. This is a good first step tp establish a financial history.

Secured Credit Card

Apply for a credit card. Shop around & only apply for a card if you can meet the lender’s requirements. Responsible use will help build a good credit history. A secured credit Card is a good option if you can’t get approved for a regular card.

Get a Co-Signer

A good way to establish credit is to piggy-back onto someone who already has a good credit history established and is willing to co-sign but be aware that any default of credit on your part affects the credit of the co-signer.

Store & Gas Credit Cards

Since some gasoline credit cards are not revolving they are sometimes easier to obtain than regular credit cards. Similarly, department stores offer revolving credit for a specific purchase and this is sometimes easier to obtain. It is also a helpful way to establish credit.

Revolving Debt

Once you have obtained revolving credit accounts. Be sure & use them wisely. Pay on time and keep your balances low. Balances of less than 30% of the limit should keep your credit score on track.

Information Provided by:

Shelly Cohn – Pilgrim Mortgage

210.685.5661.


Don't Forget to partner up with a realtor and a lender to get you on the right track to accomplish your homeowner goals.

-Claudia Salinas

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Claudia Salinas

Claudia Salinas is a licensed Realtor® and proud homeowner in the great city of San Antonio. She has been in the customer service and the sales industry for over 10 years. She brings the same passion....

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