It is true that building a good credit history is essential to anyone who expects to make major purchases, rent an apartment, start a business or get clearance for a corporate job. Here are some helpful tips on how to establish good credit history:
Request a copy of your credit report at least once a year.
Check that the information shown on your report is accurate.
Pay all of your bills on time. You don’t need to pay the entire balance each month, but make at least the minimum payment promptly.
Avoid going over the credit limit on your credit card account. Some credit card companies allow you to do this as a courtesy, but it can reflect poorly on your ability to handle your account.
Cancel credit cards you aren’t using or don’t anticipate using.