Building and Repairing Credit History

Building a positive credit history is important because lenders will use it to decide whether they’ll lend you money. Your credit history tells them if you have paid your bills, managed your money responsibly, and can be trusted with more credit. It also tells them if you’ve had to pay late-payment fees or have ever defaulted on a loan. By informing landlords, lenders, employers, insurance providers, and others how well you handle credit, your credit history directly affects the success of your future loan applications. Building a credit history