Building credit takes time. Unlike a savings account or mutual fund, your credit cannot be built overnight. You must be patient and give your credit score time to improve.

Building credit requires time. If you’re young and just starting out or recently moved to the US, you may wonder why building your credit is important. After all, you don’t have any significant financial obligations yet, so what’s the big deal?

The truth is that one of the most crucial aspects of your financial life is your credit score. It determines everything, including whether you’ll be granted a loan and the interest rate you’ll pay.

Whether starting from zero or repairing bad credit, there is always time to start building your credit. Create a fantastic path for your adult life by starting right away! There is no better time to start than the present moment.

Read the full article here: https://www.newhorizon.org/credit-info/how-long-does-it-take-to-build-credit