St. Louis Builds Credit

Designating a purpose for your credit card will help to keep your spending in line. Some ideas include using your credit card only for gas or Netflix subscription. Find out what monthly spending categories are less than 30% of your limit and choose which category will work best for you to put on your credit card. That way you know you won't be surprised with a high credit card balance.

In the eyes of lenders, you have a good lending reputation if you have good credit and they are more likely to see you as responsible and trustworthy. Having good credit can open up opportunities to achieving your financial goals, like paying for college or owning a home. Build up and maintain that good lending reputation so you don't get shut out of opportunities.

Start building up your credit today so that you can keep more money in your pocket! You could save thousands of dollars per year with lower interest rates.

Join in for our last class of 2020, Using Credit Cards Wisely During the Holidays! Learn about strategies to using credit cards during the holidays that will help to limit impulse spending and overspending, as well as protect your credit. Register for this free class on our website to receive the Zoom link at our link in bio

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Especially during these uncertain times, it can be especially hard to keep up with payments. If you're looking to protect your credit and make sure your score doesn't go down, try to pay the minimum amounts due on your credit cards and loans. This will help keep your positive payment history, even if you're not paying your debt down as fast as you hoped. Sometimes all we can handle is paying the minimum, and that's ok too when experiencing a loss of income or other crises and uncertainties.