http://www.dxal.net/should-i-switch-to-a-credit-union/ Health, Finance, Science and Technology! Thu, 05 Jan 2012 22:50:15 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.dxal.net/should-i-switch-to-a-credit-union/comment-page-1/#comment-10695 admin Tue, 22 Jun 2010 00:19:37 +0000 http://www.dxal.net/?p=459#comment-10695 One of the ways to establish credit is to take out small loans and repay them according to the payment schedule. Credit unions are more likely to offer small loans to help you build credit. Another way to build credit is to get a secured credit card where you have a low limit (perhaps $500) and a savings account with that same amount of money in it. You use it like a regular credit card, but have the funds as a back-up to show you'll pay. Simply belonging to a credit union will not help establish credit, but since credit unions are more likely to work with you to help you establish credit, I encourage you to consider joining one. Hope this helps. Good luck! One of the ways to establish credit is to take out small loans and repay them according to the payment schedule. Credit unions are more likely to offer small loans to help you build credit. Another way to build credit is to get a secured credit card where you have a low limit (perhaps $500) and a savings account with that same amount of money in it. You use it like a regular credit card, but have the funds as a back-up to show you’ll pay. Simply belonging to a credit union will not help establish credit, but since credit unions are more likely to work with you to help you establish credit, I encourage you to consider joining one. Hope this helps. Good luck!

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