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The Keys to Building Your Credit
4 tips to help young adults establish a solid financial foundation
When a young person turns 18, it’s an exciting time full of possibilities. Being able to vote and no longer adhering to a curfew is just the beginning. Now an official adult, it’s time to begin a new chapter that sets the foundation for the rest of their life, including their financial wellness.
“How you manage your money today will impact your financial future because at 18, you’re now building a credit history that matters for many years to come,” Jeff Richardson, head of Marketing and Communications at VantageScore Solutions. “Getting bank accounts, using credit wisely and taking out loans thoughtfully all are important aspects of building and maintaining a good credit report and score.”
Richardson recommends young adults take these five steps to start building a positive credit history.
