Establish a good credit reputation

Life’s Financial Journeys

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

The next step is how to establish credit. However, this is a bit of a ‘Catch 22’ situation, where, because you do not have a credit history, lenders are reluctant to loan your money, which is how you build your credit.

The following resources may assist you in establishing a good credit reputation:

Tips to help build credit

Ways to build a credit score from scratch

Credit cards can be a useful tool, but can easily be abused

How to use credit cards wisely

Tips to build credit score

Heading Off To College Tasks

1. Managing your own money
2. Finding a place to live
3. Setting up your own banking account
4. Getting your first job
5. Using credit wisely while in school

Using credit wisely while in school Subtasks

1. Learn basic information about credit and credit reports
2. Establish a good credit reputation
3. Borrow for college wisely


NAPFA Consumer Education Foundation
8700 W. Bryn Mawr Ave., Suite 700N
Chicago, IL 60631
(847) 483–5400 ext. 106