Helpful Tips

To help you build, maintain and protect your credit:

• Establish credit if you don’t have any. Open a free or low-cost checking or savings account and apply for one or two credit cards but use them carefully. It is important for lenders to verify that you have a credit history to determine your ability to repay your debts
• Limit your number of credit cards and try to pay the balances in full every month. Using your credit cards responsibly can help you build excellent credit.
• Honor your promise to pay your debts. With good credit, you can borrow for other major expenses, such as a home, car, or education, at a lower cost – ultimately saving you money.
• Seek the guidance of a HUD approved counseling agency for free, confidential advice if you run into problems paying your bills. The sooner you reach out, the more likely they can help you.
• Be sure to protect your private information. Do not provide any personal information (such as your social security number or credit card numbers) over the phone, online or through the mail unless you know the person or company.