Building A Credit History

Have you ever applied for a loan and been turned down? I have and I remember my feelings at the time. I was embarrassed, angry, hurt and just plain mad. I had been on my own for several years, always paid my bills on time and felt that somehow I had been severely wronged. Those were the days before credit cards were as easy to get and it was harder to establish credit than now.

It is important to establish a credit history before you actually need that loan, and it is easier than you might think. Consistently paying your rent, utilities and phone bill on time just won