We have never really used consumer credit, although there are a couple things on our credit reports that aren't exactly favorable - they are old and should be able to fall off in the next year or so.
I am looking to establish some positive things on our credit, as we would like to set things up to be able to purchase a house at some point...
From what I read, starting with a secured credit card or two, keeping the balance between 10-30% and getting some kind of small loan would be beneficial in starting to establish some good credit. Do you think that is accurate?
Any tips on safe companies to get a secured card from? My bank is a small community bank, and I've been with them for a few years, so I might be able to get something going there.
Any other advice, warnings or btdt stories would be much appreciated.