Credit References News Today : Breaking News, Live Updates & Top Stories | Vimarsana

You're in good standing on your rent. or one of our suppliers or trade references. really important to give them a heads up. here's what i'm doing. here's why i'm applying for this loan. here's who you can expect to be calling you. give people a heads up. make them aware of what you're doing. >> and finally your bank account is key. have your own personal ducks in order? >> that's right. your bank account really is one of your best credit references and lenders both traditional and alternative lenders look at a number of things in that account. how often do you bounce a check for example? are ...

Of the economy the last four years or so, there are a lot of people around the country that are dealing with problems with their personal credit scores. >> it is certainly making them think about them, which is a good thing. >> rick: okay. so let's start with these young adults we just saw, the nice graduation ceremony, which gives everybody a good feeling. but there are some tough times ahead, perhaps, for young people who are trying to establish good credit. some of them for the first time of the what's the best twinkling of an eye do that? >> well, the message i have about it is that we mak...

Teaching them to swim. they need to get in the water. the best time to too that is while they're still under your influence and you can teach them thousand use the credit card. >> rick: there are new rules out meant to protect young people, a lot -- i remember when i was in college and the credit card companies set up these tables and hand out hats and all these kinds of things to get you to sign am for a credit card. but a lot of kids don't really know what they're signing up for. so new rules might make it a little tough for young people it actually get that first credit card until they have...