WHAT TYPE OF CREDIT SHOULD YOU APPLY FOR?

  • Start small. Your first step could be a credit card or a store account, just something manageable to build your history.
  • The lender will check your affordability (fancy term for “Can you actually pay this back?”) based on your income and expenses. They’ll set a credit limit, but you decide how much you’re truly comfortable repaying each month.
  • Do your homework. Compare interest rates, perks, and providers. Only deal with reputable companies. Shop around—but remember: every credit application you make leaves a mark on your score, so don’t apply everywhere just for fun.