Start a credit card with a cosigner young, and for a small, manageable amount that you can pay monthly.
If possible, parents can help their kids jump start their credit by teaching healthy habits, but also being a cosigner for a small credit card that is only used for gas or other regular, small purchases.
Not missing a payment is crucial for building credit, so make small purchases regularly and pay off the debt on time.
Avoiding debt but having small payments builds a healthy credit that can lead to a better credit score that will help you get approved for “healthy debt”, like student loans.
GHS is always here for you! Stop in to a branch or call us if you need us at (800) 732-4447.
1APR = Annual Percentage Rate. Rates are shown "as low as". Rates and terms are subject to change. The rate and term may vary depending on each individual's credit history and underwriting factors. Credit Union Membership required with a $25 minimum deposit and $1.00 membership fee.
2APY = Annual Percentage Yield. Rates are subject to change at any time. Early withdrawal penalties may be imposed on Term Share Accounts. Credit Union Membership required with a $25 minimum deposit and $1.00 membership fee.
3APY = Annual Percentage Yield. GHS available funds do not qualify. Minimum of $500.00 to open for 12 mos. APY good for original term only, no renewals at this rate. Credit Union Membership required with a $25 minimum deposit and $1.00 membership fee.