If you don’t have credit already, start now! Not having credit is almost the same as having bad credit. You don’t want either!
When we think of credit, our first thought is how many plastic cards are in our wallets — one from nearly every store in the mall. Too much credit or not enough can hurt your credit score and cost you thousands of dollars or even a job offer. And if you’re one of those women who lets your husband handle all the bills, investment ignorance will not lead to financial bliss.
Your credit report will affect almost every important financial move you’ll make, including buying a home or a car. It may even affect your chances of getting a job, as employers can check your credit report during the hiring process.The good news is you have a clean credit slate and the chance to start off on a positive note, establish good credit and keep it there.
Here are 3 tips to help you build credit from square one:
1. Open a credit card account.
If you’re able to qualify for a new credit card, make sure to keep your total balance low enough so you’re able to pay it off each month.
Your “payment history,” or how reliably you pay your bills on time every month, makes up about 35 percent of your credit score. Since you’re building credit from scratch, you have the opportunity to create a flawless payment history. That’s why it’s smart to keep balances low, at least at first. Starting slow and creating good credit habits early on will help you establish a solid credit score in the short-term and also maintain a good credit rating in the long-term.
2. Get your own
Share and share alike doesn’t work for credit — get some bills and credit cards in your own name to establish a separate credit history from your husband. Many married couples tend to share credit cards or loans in a joint account, often under the husband’s name. All women need to have their own credit in their own names to establish their own credit history in case of an unfortunate event such as divorce or death of a spouse.
2. Pay your bills on time every month.
It may seem simplistic and redundant, but paying at least the minimum payment (the minimum amount you’re required to pay) on time every month is the most important thing you can do to build and maintain a good credit score. Period.
3. Be patient.
You may have to wait about six months after you’ve opened your first credit account before there’s enough credit information on you to tabulate a credit score.
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Celebs Tweet Their Thoughts About #JusticeForSandraBland
1. Jesse Williams
#SandraBland's treatment while attempting to travel freely on HER public roadways has been acknowledged as unlawful. She is already dead.
2. Taraji P. Henson
"SAY HER NAME #SandraBland"
3. Ava DuVernay
"'Why are you arresting me?' Because you know your rights. Because I can. Because no one'll believe you. #SandraBland"
4. Kim Kardashian
#WhatHappenedToSandraBland We need answers!!!! This is NOT ok! This is all shady! They need to own up to this & tell the truth!
5. Jussie Smollet
"A loss 4 words. #SandraBlandMatters #BlackLivesMatter 👈🏿tell me this should change once the nation shows that we do. "
6. Snoop Dogg
🙏🌹. Sandra. Rip. 🌹🌹
7. K. Michelle
R.I.P to this queen. This could've been any of us. My prayers go out to her family. #sandrabland https://instagram.com/p/5fvlO_AhCf/
8. Gabrielle Union
SAY HER NAME!!! #SandraBland #SandraBland #SandraBland #SayHerName
"We must get to the cause of #sandrabland death because this CANNOT happen again #deathorfreedom"
10. David Banner
"When will we fight back. A man's duty on earth is to protect women and children. Where are the gangsters? Preachers? We need you. Please."
11. Nicki Minaj
"Rest In Peace #SandraBland"
12. Talib Kweli
"We the people ask @LorettaLynch to investigate #SandraBland #KimberleeRandleKing RETWEET "
Signs. Signs. Signs all around us. The Message is Here. #SandraBland
14. Missy Elliot
"When I look at the #SandraBland traffic video it brings so many emotions😳😢😡😡😤!"
15. Jessie J
"God bless your soul Sandra | #sandrabland | Change needs to come |Justice needs to be served | Heart… https://instagram.com/p/5fV79mQ0aw/ "
16. Jackee Harry
"It's time y'all, it's time.." #SandraBland #BlackLivesMatter
"In memory of #SandraBland these things don't make no kinda sense "
18. Holly Robinson Peete
I really don't look forward to having ANOTHER difficult conversation w my kids tonight...but here we go again😧💔 #SandraBland #SayHerName 😢
19. Jeffrey White
Sadly, doesn't matter by whose hand she died. Unjustified arrested set the outcome in motion. The state murdered her. #JusticeForSandraBland
Sandra could have been your mother, sister, aunt, friend or if she wasn't killed the community outreach advisor A&M. #SandraBland
21. Joan Smalls
"My heart is broken. Sending my deepest condolence to her family and friends. May you find Strength, Peace and Justice. When will this stop? #EqualityForAll #RIP #Why #SayHerName
22. Gladys Knight
Sandra Bland.... #SayHerName #SandraBland
23. Cara Delevigne
Things need to change NOW #SANDRABLAND #Justice #Equality
24. Meek Mill
"Rip to that young lady that lost her life about a traffic stop! 🙏 ima make sure I pray for her and her family! 🙏😄😄😄"