Credit 101

Lesson 8 : Conclusion

Conclusion

We hope that this course helps you better understand the power of a good credit score and how you can take control of it. By proving to lenders that you can be trusted with a little of their money, they’ll gradually develop enough confidence to trust you with a lot.

Key Takeaways

  1. Start building credit early!
  2. Put a recurring expense, e.g., a phone bill or a car payment, on your card and pay it off every month
  3. If you have a balance, keep it below 30% of your total credit limit
  4. Maintain a mixed portfolio of debt, e.g., credit cards, student loans, auto leases, and make your payments on time
  5. Compare card and loan offers, and always pick the one with the lowest APR
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