Most people know it because it is required to do so many things. Everything from car purchases to apartment rentals require a credit check!
But, there’s a great chance that you have fallen victim to believing one of these myths about what can hurt/help you credit.
“When lenders review applicants, they look at four elements of a credit report: identification, account history, public records (bankruptcy filings, court records of tax liens) and inquiries.” If your credit is not already established, you may have to have someone co-sign or add themselves as an authorized user on the account. A secured loan is always a great option as well.
A PrimeWay Secured Loan offers the same convenience of a traditional loan, but it is backed by a deposit you make at PrimeWay Federal Credit Union, which must be at least $500.