Establishing credit
July 9, 2019
I’m Miriam Neff with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan, and we’re here to talk about money.
M Each woman today should have her own established credit. We don’t encourage building credit card debt. We’re definitely against that. However, in todays world, having established credit is important for financial transactions, even getting a job.
V Get one or two in your own name. You need purchase only a few small items a month and pay that entire bill promptly. Never be tempted by the amount the credit card company SAYS you can charge. Here’s your opportunity to practice strict discipline! Just because you can charge it does not mean you should.
M Just to be sure, we are not encouraging you to run up charges. We’re advising you have an established credit record.