Timeline of My Credit History

By Lcm42

  • Going to college

    Credit Action: Open a secured credit card and pay my bills on time.

  • On-campus job

    Credit Action: I will set up a direct deposit so that a percentage of my paychecks will automatically be set aside. This way, I will have money set aside to start paying back my student loans once I graduate.

  • Traveling home from college a few times each semester

    Credit action: I will keep track of my spending so that I am sure to keep the balance that I owe on my credit card under 30% of my credit limit.

  • I will be attending graduate school to study biotechnology

    Credit Action: I will not apply for store “teaser” cards so that I can prevent additional loans

  • Taking Public Transportation

    Credit Action: I will make additional loan payments for my student loans since I will not have to worry about car loan payments yet.

  • I will be working a part time job when I am not taking classes

    Credit Action: I will use the money I am making to pay more than the minimum payments each month.

  • Working steady job as biotechnician in a lab in Boston

    I will set-up auto bill pay so that I can be sure to never miss credit payments.

  • Living in Boston in an apartment with a roommate.

    Credit Action: I will be renting an apartment and splitting the cost with a roommate.

  • Travel throughout many countries

    Credit action: I will chose a credit card that offers travel rewards for hotels and air fare. I will also be sure to keep any unused cards open so that I can continue to improve my credit history.

  • I will be living in a suburban house

    Credit action: I will have taken out a mortgage loan for my house.

  • I will have bought a car to commute to work and drive my family around.

    Credit action: I will have taken out a car payment loan.

  • I will still be working a stead job as a biotechnician for a company in Boston.

    Credit action: I will review my credit card statement often to be sure that I am always aware of changes in APR and the grace period.