You likely already know how important it is to build and maintain good credit.
How Is a Credit Score Calculated, and Where Does Length of Credit Fit In?
No Interest Til Almost 2027?
Did you know?
So how much time does it take to establish good credit, exactly?
The important number to remember is seven years.
Thats the reasonable period of time lawmakers settled on when they were drafting up the Fair Credit Reporting Act.
And thus, its also the minimum length of time it takes to establish an excellent score.
Length of Credit History vs. Credit Age: Whats the Difference?
You may have heard people refer to both their length of credit history and their credit age.
Whats the difference between these terms, and how does that difference affect your own credit journey?
What should you do to maximize your overall credit age?
What Happens When You Close a Credit Account?
Say youre 22 years old.
Thats a good thing, right?
Only spending money you actually have?
Well, when it comes to your credit history, not really.
Jamie Cattanach (@jamiecattanach) is a freelance writer focusing on travel, personal finance and living well.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help…
