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Improving Your Financial Life

Blog > 2010 > April > Build A Good Credit History
April 20, 2010

Build A Good Credit History

credit cardMost credit unions offer secured cards to their members. You can use a secured credit card to build a credit history. In order to build a good credit history, you will need to only buy what is necessary and not indulge in impulsive shopping.

You should also pay off the card every month. In fact, your best bet would be to pay in full to gain an excellent credit history. As your credit rating improves, you can apply for an unsecured card. Most banks and credit unions normally observe individual usage of the secured card for a year, before accepting the application, for an unsecured card.

The process of getting a credit union credit card is much easier that getting it from a bank. Since you are a member of the credit union and not a customer, it enables you to get better customer service at the credit union. 

Contact us at Financial Center of Indianapolis for questions that you have about opening a credit union secured credit card.  You might also be interested in our Reward Checking which earns dividends.
 

Category: FCFCU
Your savings federaly insured to at least $250,000 and backed by the full faith and credit of the United States Government: NCUA, Equal Housing Lender, ESI