Maintaining Your Credit

What does it take to establish credit? Where do you start? How can you make sure you'll always have good credit?

Good credit and smart money management go hand in hand. This section shows you how to establish a credit presence and maintain a good credit history.

Credit reports and what they contain are explained in detail, as well as how to correct mistakes. You'll also learn about the laws that protect your rights as a consumer.

Use the links below for guidance:

Establishing Credit - Your financial security depends on a good credit history. If you don't have credit yet, establish a financial presence and be responsible with your money.
Credit Reports & Credit Bureaus - Credit bureaus collect and store credit data. That data is sold to creditors in the form of a credit report. Credit bureaus do not deny or extend credit.
Managing Credit - The key to managing credit is acting responsibly. Show how responsible you are by following this advice.
Credit Myths - You might have heard stories about credit and how credit reports work. Don't be fooled by misinformation. Here are some common myths about credit, followed by the facts.
Types Of Accounts - Before you open up a credit account, find out which type your new account will be. There are three account types.
Your Rights - The law protects you against discrimination and deceptive and unfair business practices by creditors. If you are denied credit, the Equal Credit Opportunity Act (ECOA) gives you a legal right to know why.

 
 

 

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HUD
   
Complaints

 

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