Are you still thinking that creating or improving your credit history is impossible?
You are probably tired of hearing about your credit history and why we should all take care of it and avoid being at a risk center. However, the news is that all those who have had any relationship with the credit are in these entities responsible for showing the financial history of people, what changes is the way you appear. If you were a good customer, you will appear well; If you were a bad payer, you will be reported that way.
Having a good credit history
This means that the information that appears in a risk center will be positive, and when an entity makes the query, it will verify that its credit profile is adequate. But is a correct track record only for millionaires? For those who have jobs with a salary through the clouds? Nothing more false!
Something you must be very clear about is that, to build your credit history, all you need is to make the right decisions. Know when to borrow, how to do it and for how long, so that you can resolve that debt properly and without representing a risk to your finances.
So what basic actions can you take to get a positive credit history? First, you have to report to credit. Do not get into debt for millions, but you can start by requesting a basic credit card, and using it every so often. In this way, there will be some information about your use of credit. The most important thing here is that you make payments on the appropriate dates, without abusing installment financing. These are basic points to start building it.
Another thing you can and should control is your ability to pay
Because you should not exceed it. By subtracting all your obligations, how much money is left to use in whatever you want? Remember that you should not allocate more than 30% of your income to your debts.
Something else you can consider is how many credit instruments you report to. For example, if you have a credit card, some time later you could apply for a personal loan, so there is variety in the instruments you use. Now, you should only do this if you have a defined objective. Asking for asking is not something valid as it leads to bad practices.
As we mentioned, if you want to take the first step to build your history, you can start by requesting a credit card. Which one to order? Ideally, you compare the alternatives so you can make a good decision.