A part of modern living involves getting and using credit. Many people would proclaim that it is better to live on the cash basis and to never owe anyone anything, and that would be good advice, but it is nearly impossible to live that way today. For the most part, American adults will have to get credit at some time or another and one of the best places to do that is through your local bank.
Young adults who are just starting out often find it difficult to get credit and when they do get it they often have a difficult time repaying it. Credit mistakes early in life can follow a person for a long time, often as much as seven to ten years, depending on the type of problem encountered. It does not have to be that way.
A good place to begin with credit is with your local bank. Often the local bank is willing to lend small amounts of money to their younger customers. Banks understand that loaning smaller amounts to begin with they can help young, working adults to better understand the basics of credit and repayments. These small cash loans, usually in the $500-$1000 range, are a great way to establish a good credit foundation that can serve young adults as they grow...