How to Build Good Credit From Scratch


Gathering ingredients for a smart money management soufflé hasn't been easy. While you've secured a steady paycheck, opened a NextGen Checking Account, and whipped up a small savings cushion, you're still missing one key ingredient that could make your recipe fall flat - good credit. Without it, achieving your financial dreams might be tricky.

Individuals with little or no credit often fork over more money in housing and utility deposits. Everyday purchases, like wireless services, may also burn a hole in your wallet when you have to pay up-front for devices or data.

Crack open these tips to help build good credit from scratch.

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Give Yourself an Early Payday with Direct Deposit

What’s better than payday? How about having access to your paycheck earlier than most everyone else. We process your direct deposit as soon as we get the notification from your employer, which means an early payday for many members - sometimes two days earlier than usual, depending on your employer. Early payday is one of the many account perks Logix members have always had. We never even advertised it because, frankly, it is the right thing to do! But now that a whole slew of financial institutions are adding this as a perk and talking about it like it is something special, or even worth paying extra for, we wanted to let you know that this is a benefit of your Logix checking account to enjoy, just like the many other built-in luxuries that other financial institutions seem to think are revolutionary.

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