Building a Good Record
The best way to maintain your credit standing is to repay all debts on time however, there may be complications. To protect your credit rating, you should learn how to correct mistakes and resolve misunderstandings.
When there's a problem, first try to deal directly with the creditor.
Credit laws can help you settle your complaints without a hassle.
On your first attempt to get credit, you may face a common frustration:
sometimes it seems you have to already have credit to get credit. Some
creditors will look only at your salary and job and the other financial
information that you put on the application. But most also want to know
about your track record in handling credit, namely, how reliably you've
repaid past debts. They turn to the records kept by credit bureaus or
credit-reporting agencies, whose business is to collect, store, and report
information about borrowers that is routinely supplied by many lenders.
These records include the amount of credit you have received and how faithfully