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Hey GABbers,

How is everybody doing? I'm o.k.

My topic for my research was Establishing Credit. There are two ways I will discuss for building credit history.

The first way is by owning a cell phone and paying the charges on it each month. Many young adults may not realize they will be building their credit when they get a cell phone. So we may gain credit history in the working without even knowing. Your credit report will show details on how you've been paying your bills back and on time (and hopefully you have been).

The next way is also a great way to build your credit history. Apply for a credit card. Often you can get one with cheaper interest rates at a credit union. But you may need a co-signer. You and your co-signer will have to show proof of your income. As long as your co-signer can trust you to stay within an agreed-upon limit, you should have no problem.

A lot of young adults like to have a credit card to use instead of cash. Besides, having one helps to create some independence that we deserve and enjoy.

These are two simple things that will help us to establish a pattern of good credit history.