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2. Building credit access and usage


Life’s Financial Journeys

Heading Off to College
Getting Out on Your Own
Blending Two Lives
Having a Child
Emptying the Nest
Entering Retirement
Divorce
Death of a Life Partner
Military Life


Building your credit access and usage. “How can I establish and maintain a good credit reputation?”

You may not have used credit much yet. It is very important to develop access to credit when you need it to work toward some of your goals.

Your patterns of using credit and the resulting successes or failures you experience as you repay affect not only your future access to credit, but also the price you pay for insurance, your employment, and even whether you are able to rent or buy the housing you want.

The following subtasks may assist you in determining how to build and access your credit. You will find detailed resources for these subtasks under the links in the right column of this page.

Subtask 1: Learn about credit reports and credit scores

Subtask 2: Take steps to strengthen your credit reputation

Subtask 3: Compare revolving and installment credit

Subtask 4: Decide how much credit you can afford right now

Subtask 5: Identify appropriate sources of credit and how you will use them


Getting Out on Your Own Tasks

1. Finding housing
2. Building credit access and usage
3. Reaching financial goals
4. Setting up a spending plan
5. Getting properly insured

Building credit access and usage Subtasks

1. Learn about credit reports and credit scores
2. Take steps to strengthen your credit reputation
3. Compare revolving and installment credit
4. Decide how much credit you can afford right now
5. Identify appropriate sources of credit and how you will use them

Permanent link to this article: http://napfafoundation.org/financial-help/getting-out-on-your-own-2/building-credit-access-and-usage/