58.2k views
4 votes
The first step in building a good credit record is _____.

User Hemendr
by
5.1k points

1 Answer

3 votes

Answer: open a savings account

From the given choices (apply for a credit card, open a savings account, apply for a car loan, open a store credit account), the first step in building a good credit record is to open a savings account. Bank accounts can help you access credit and acquire a home, a car, a personal loan because banks favor existing customers, especially those who manage their money well.
User Yoannes Geissler
by
5.5k points