Real Credit Stories: Achieving Best-in-Class Credit
My mom deserves all the credit…
When I was 18, my mom immediately told me to enroll for a credit card so I could start building up my credit. How could a teen argue with that one? Then she gave me a speech about how credit worked but I was too busy thinking about what I was going to buy with my newfound magic money supply.
So, I hopped on a train, moved to New York for college, and had a jackpot of unlimited funds.
Fast forward a few months and I started to get pretty liberal with my spending. That ended at 4 a.m. when my credit card was declined after I tried to buy a subway ticket, and I had to take the long walk home across the Williamsburg Bridge in February.
Well, that was a sobering experience for me.
I should have paid more attention to that speech. Fortunately mom was willing to go through it again. She taught me how to get myself out of this mess: Always make at least the minimum credit card payments, check my score regularly, and keep my eye on my credit limit. I also learned how my interest rates impact the balance I owe on my credit card.
A few years later, I had whittled down the collegiate debt, and enough time had passed since the Manhattan debacle that my score was in great shape.
I was so thankful for my mother’s great advice. A decade or so later, I went in to buy a car. The car guy went to check my credit and I couldn’t help but have Williamsburg Bridge flashbacks. Approved! Following my mom’s great advice, I had come a long way with my credit.
Will C. is an actual employee at freecreditscore.com. This story is his… really his. Every story differs.
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