Building Credit

Quick Facts About Credit

• A credit card will help you build credit, but you should use it only for emergencies or to purchase expensive items such as computers.
• Pay your credit card on time, and try to pay it off quickly.
• Your FICO credit score will increase only if you carefully manage your spending and your borrowing.
• If you have problems paying off your bills each month, find ways to cut your spending.
• Monitor your federal and private loan debt. Borrow only what you need, not the maximum.