University of Minnesota Duluth block M and wordmark

Establish Good Credit

Building good credit requires effort over a lifetime, beginning at age 18 when credit becomes available. Credit is used to access money with a promise to pay it, with interest, over a determined period of time. Many people will use credit in their lifetime to have a credit card, finance a vehicle, or purchase a home.


In 2012 The Society for Human Resource Management (SHRM) determined that 47% of employers now retrieve credit as part of the hiring process. Credit history has even made its way onto dating websites, where singles can use credit scores as a way to weed out individuals who have not been financially responsible.


The stakes are higher than ever for learning about what counts for credit and applying it to our own lives.


Having no credit history at all can mean limited or denied access to credit, just like having poor credit.


Credit Cards

Check out this infographic on credit cards going social.