Credit Building Tips for Millennials

Are you looking to get your credit in order in order to prepare for a future mortgage? Here are a few "do's" and "dont's," courtesy of Ken Chaplin from REwired:


1. Have your landlord report your on-time payments.

2. Use a low-interest credit card for minor purchases and fully pay it off each month.

3. Ensure you pay student loans on time each month.

4. Fix late payments as soon as you can.

5. Obtain your free credit report each year to monitor your credit.

6. Have patience -- good credit doesn't happen overnight!


1. Skip payments for utilities.

2. Buy a car beyond your needs - skip the add-ons and luxury options until you're financially secure.

3. Sign up for credit cards you don't need. 

4. Have a big balance on any of your credit accounts.

5. Close old credit cards.

Seattle among the Top 10 Cities for Millennials

CNN Money released a list of the "Best cities for Millennial homebuyers," and they ranked Seattle number seven out of ten.

What factors elevated Seattle to the top? Les Christie cites the "vast coffee culture," "major employers like Amazon, Microsoft, and, of course, Starbucks," along with "other smaller outfits that are creating jobs and attracting young talent."

Further, "between 2010 and 2012, 28% of all people moving into the city were Millennials, five percentage points higher than the average major city, according to the National Association of Realtors."

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