Building strong credit

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Hey, Brad. Do you know how to build strong credit?
Of course, James! I will use examples such as secured card, paying on time, keeping balances low, or being an authorized user and its pros and cons
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First off, A secured card helps build credit by requiring a cash deposit while you prove you can use credit responsibly.
Secondly, making every payment by the due date builds a strong payment history, the most important for your credit.
Also using only a small portion of your credit limit shows lenders you can manage debt responsibly.
Lastly being added to someone else’s credit card account can help you benefit from their positive credit history.
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But there are cons to these methods.
Missed on payments on your card can still hurt your credit.
Also missing even one payment can significantly lower your credit score.
Keeping a low balance can be difficult to maintain if you overspend or have a low credit limit.
Lastly, your credit can be harmed if the main account holder misses payments or carries high balances.

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