can someone tell me?

Question

everything i need to know about credit?
and how to keep good credit?
my mom has terrible credit and i have a fear of ending up like her.

Answer 1

You might do some reading in the credit forums on the following credit discussion boards

creditboards.com and creditinfocenter.com

Those, in my opinion, would be the two best "free" sites to learn from.

Answer 2

1. Credit cards are not free money
a. Emergency's
b. renting a car or hotel room
c. buying items on line (higher security on credit cards)
d. try not to use more that 30% of your limit (your limit is $5000 dollars keep it under $1,500 dollars)

and pay the full ballace before the due date, to recive higher credit rating.

I talk about credit cards casue they are very simple but for some reason people have the most problems with them.

As far as other loans just make your payments on time.

It's also a great I deal to have a saving account with 3 months safty net. I hope you get your answer I just wanted to hit some highlights.

Answer 3

only use what you can pay back. don't open too many credit cards or lines of credits. purchase insurance on credit cards in case your lose your job. the more items you apply for dings your credit. so only apply for things you need. and ALWAYS make your payments on time.

Answer 4

Sorry but there isn't enough room here to answer all that in detail. However here are free government sites to find out how and what to know about your credit

http://www.ftc.gov/gettingcredit/
What you need to know about your credit.
http://www.ftc.gov/bcp/conline/pubs/credit/crdright.shtm
Credit and your consumer rights.
http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre03.shtm#improve
Building a better credit report.
http://pueblo.gsa.gov/cic_text/money/creditscores/your.htm
All about FICO scoring.