Build your credit with your monthly expenses
Posted on July 10th, 2007 by Justin Ryan
Credit cards are a way of life for many people: As of April 2007 , US Consumer debt exceeds 2.7 trillion dollars. Unfortunately, the first credit experience for many people is a credit card that leaves a trail of negative debt that takes years to recover. The opposite extreme isn’t much better: if you shun credit cards, then your score suffers from lack of revolving credit.
How, you ask, do you use credit cards to build your credit without ruining it instead? My answer is: Build credit with monthly bills you have to pay anyway.