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Establishing Credit

Categories: Muni Bonds, Bonds

Showing lenders and banks that you can repay your debts and loans so that they lend you money.

How do you do that? By building your credit history. Get some bills (like utility bills) in your name and pay them off on time every month, or get a low-limit credit card and pay that off every month on time.

Key words here? On time.

Find other enlightening terms in Shmoop Finance Genius Bar(f)