When you need money to buy a car, a home, or for a particular project, you have three options:

  1. Save
    Set a goal, figure out how much money you can put aside, and how long it will take you have the amount you need.
    • Example: $5,000 goal – set aside $100 per month and you’ll reach your goal in 50 months (4 years and two weeks)
  2. Use your savings
    If you’ve been saving for a while, consider if this is the time to use your own savings.
  3. Apply for a loan or a credit card
    If you need money, a credit product such as a credit card or an auto loan may help you reach your goal. Nevertheless, having a good credit history is essential. If you don’t have a good credit history, you can acquire certain products that can help you build credit and reach your goals.

To apply for a loan or credit card,
you need a good credit history.

How to establish credit?

Products that allow you to build credit

When applying for credit, don’t forget to bring

  • Social security number
  • A valid, official ID. It may be a driving license or passport.
  • Proof of income and employment
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