Want to do a little credit building? A great option for someone just starting out is to use a cosigner.

A cosigner is someone with good credit who signs on to a loan to guarantee the bill will get paid, and basically gives the lender a safety net.  Just think about it from the lender’s point of view.  If you have no credit history, they’re kind of taking a leap of faith on you.

There’s not a lot of upside to BEING a cosigner.  And so they tend to be family members who love and trust you.

A good place to start building credit with a cosigner is on one or two credit cards.  Use them sparingly, and pay off the balances each month. It will take at least six months, but you should have a good start on a good credit history.

Do us a favor please.  Tell your friends about us so they can be smarter about their money too.



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