The Power Of Credit Review And How Do We Build It

Today we’re going to talk about the power of credit and how to build it 💳

First of all — why do we even need credit in the U.S.?

• Access to U.S. credit cards and all the benefits they offer

• Lower interest rates on loans and mortgages

• Faster and easier financing approvals

• Greater leverage — the ability to buy more properties with the same capital

• Credibility with banks

So now that we understand why credit is critical,
let’s talk about how to build it.

Step one: Get your ITIN

You must first consult with a certified CAA to apply for and receive your ITIN.

An ITIN is your personal U.S. tax identification number.
In other words, it functions like your ID number in the United States.

Next steps (very simple):

1. Open credit lines:

• Credit card

• Loan

• Auto financing

• Installment payments

2. Pay everything on time

(Not before the due date and not after)

It’s extremely important that all payments are made exactly on the due date.

Unlike Israel, in the U.S. credit card payments do not automatically come out of your bank account —
you must actively log in and make the payment.

3. Use only 10%–30% of your credit limit — no more

By following these steps,
within about 3 months you should start seeing a credit score,
and over time you’ll see it grow steadily 🙂