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How to Build Credit History


Many millennials have experienced a hard time building credit. According to Experian, millennials have the lowest average credit score of all current generations – a 625. . Without credit, millennials limit their access to financial opportunities such as mortgages and loans.

Millennials: Here’s how to build a credit history with these simple steps.

  1. Get a credit card –Use your credit card to make small purchases. If a regular credit card is not an option, try to open a secured credit card.
  2. Make payments on time - Make payments on or before the due date to build good credit. Making payments on time is also important with bills and loans.
  3. Avoid credit card debt –pay each credit card balance in full every month to avoid falling behind.
  4. Limit the number of open accounts – Apply for and open new credit card accounts only when it is truly necessary. Too many opened accounts can send a negative message to your potential lenders.
  5. Check credit reports –Check your credit report every year for any errors or discrepancies. Report any suspicious activity immediately.

American Consumer Credit Counseling (ACCC) is a non-profit debt relief agency offering consolidated credit counseling and consumer debt solutions. If you have debt to consolidate, we can help you consolidate credit without taking a loan or paying high fees like some debt management companies charge. A fair, effective debt reduction service, our debt management program simplifies your payment responsibilities and often results in reduced interest rates from your creditors. As a leading national debt consolidation firm, ACCC has also been approved by the Department of Justice to provide credit counseling for bankruptcy both the pre-bankruptcy credit counseling certificate and the post-bankruptcy debtor education. Homepage Footer: American Consumer Credit Counseling (ACCC) is a non-profit credit counseling agency and debt consolidation company that provides help to anyone who is asking, "How do I get out of debt?" Our services include credit counseling, financial education, debt consolidation and debt reduction services for consumers nationwide. Our certified credit counselors have helped thousands of individuals and families find debt relief through debt management plans that consolidate debts and debt payments to pay off credit cards and eliminate debt. We also provide bankruptcy counseling and bankruptcy debtor education services, including pre bankruptcy credit counseling for a bankruptcy certificate.

American Consumer Credit Counseling - Consolidate Debts - Better Business Bureau American Consumer Credit Counseling - Consolidate Debts - Mass Housing Approved National Industry Standards for Homeownership Education and Counseling American Consumer Credit Counseling - Consolidate Debts  - Council on Accreditation American Consumer Credit Counseling - Consolidate Debts  - NFCC Member