You can find plenty of advise and instruction, some good and some not so, on how to establish credit. The other question that a lot people ask these days is what time is needed to establish credit history to be able to get loans. Interest rates have been low for a long time and seemingly everyone expects them to go higher. Home prices have been going lower every day and just as well, everyone thinks that they are bottoming and will bounce back. So every new college grad with a job or a fresh of the boat immigrant is in a hurry to establish credit history, get the credit score and score that house.
For the record, I think that interest rate will stay low for quite a while, while home prices will be going down, albeit slower. But then, you still will listen to CNBC and Bernanke.
Impatient people have lower credit scores according to a study released in December 2011. But, new data shows a correlation between rudeness and high credit scores. According to a Huffington Post article, some of the rudest cities in the nation are also homes to consumers with the highest credit scores.
Would you like to save 10 percent on your purchase today? Surely youve been asked this question more than once before and you know exactly what the cashier means. She wants you to open up a credit card with her store in exchange for an immediate discount.
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