11 In its broadest sense, empowerment is the expansion of freedom of choice and action. It means increasing oneâs authority and control over the resources and decisions that affect oneâs life. As people exercise real choice, they gain increased control over their lives.
3. Pay on time every month. The most important thing you can do to build and maintain a good credit score is paying all of your bills and debt obligations on time every month. Even one late payment can significantly damage your credit score, especially early on.
Aside from making your child the authorized user on your card, there are other steps you can take to help your adult son or daughter build good credit: 1  Educate him or her about responsible credit behavior. 2  Also, explain the difference between credit and debit. 3  Cosign your childâs first credit card or loan.