3. Build a Credit History
A person with a good credit history will have an easier time getting approved for loans, mortgages, providing rental references or even getting employment if they have been asked to provide references from previous employers. They will also find it easier to get insurance quotes and prices due to the reduced risk their potential insurer faces in covering them because they are considered low-risk customers.
Here are a few things you can do to help build and maintain your credit history:
– Keep an eye on your credit score by checking it once a year
– Renew your driver’s license annually
– Get an annual free copy of your credit report from the three major credit bureaus.