Probably not because the credit would still be in your name. The guardian would only be able to use the card, but wouldn't be responsible for the charges. The only way to build credit is if the CREDIT, ie the responsibility is in their name.AnswerIf you are referring to being an authorized user of an account, it would not help you to establish a personal credit history. If you mean becoming a joint account holder with the other person then you would be able to establish your own credit history. Keep in mind, as a joint account holder you could be responsible for the entire debt if the other person does not pay their share,(and vice-versa).
If the husband adds the wife as a "joint" it will show on her credit report but will most likely not be counted against her if she tried to apply for a loan. If the husband adds the wife as an "authorized user" it will not even show on her credit report because she has no legal obligation to pay the credit card bills, but she has the right to use the card.
A debit card is a card that takes money straight out of the bank, however, a credit card lets you borrow money, but you must pay interest. So, a debit card does not build credit.
You can get a credit card starting out with a small limit. If that still doesn't work look at getting a pre paid credit card to build credit. Bill payments on utilities are a great way to build credit.
You can get a credit card if you are under 18 years of age but you need a parent/guardian to sign for it.
No, spendings of debit cards aren't reported to credit reporting agencies. However it's possible to have a secured credit card(backed by a savings account) and build credit with that.
If you think you can get the Gesa Credit Union card, then you may go for it or get one from a larger bank if possible. To build your credit, make sure you are prompt on your payments. As you use credit card, and pay it back, your credit history will build.
i don't think you can
Some of the credit card issuers will allow a person of 15 years of age to obtain a credit card with a parent or guardian written consent. Check out the card issuer for additional information.
If you are under the age of 21 in the US, it can be very difficult to get a credit card. You first have to have your own bank account. You will likely need a guardian's permission to procure one. The easiest way to get a credit card while under 21 is to have a joint account with your parents/legal guardian.
Filing bankruptcy does not remove a charge off report from a credit card on your credit report. It just adds bankruptcy to your credit report.
It is possible to get a credit card with bad credit, even if you have previously been turned down. Choose a credit card company that allows you the option of securing your own credit card, meaning that you essentially put your own cash into a special account first. You then get your credit card and use your own money as credit. The more money that you can deposit, the more you can charge. This type of secured credit option allows you to build up your credit again, while allowing you the freedom and convenience of a credit card.
The advantages of having a credit card with an interest rate is it helps build one's credit faster. The higher the interest rate of the credit card, the higher the credit score.
You need a credit card in order to build credit! I suggest starting off with one credit card. You can make a few purchases on it every month and then pay it off quickly. This is the most efficient way to build credit.
Start with a department store card. If you can't get that start with a "secured" credit card. It will build credit and allow you to apply for a regular credit card down the road.
A credit card requires a contract. Contracts can not be executed with a minor (someone under 18). So you would need a parent or guardian to be a co-applicant or guarantor if you want a credit card.
You can build up credit thru a car loan if you make your payments.
The benefits of acquiring a credit card is to build and establish credit for the future. A good credit score will get you alot of perks with companies.
In order to build up a credit rating one has to obtain a credit card first. Every time one uses a card, loses it, is being refused to get a card, pays a bill late the information is being gathered and turned into one's credit rating. Building up a credit rating can be done by using a 'Secured Credit Card'. One has to use the card regularly and pay off the bills monthly.
There is a credit card for individuals with bad credit called First Premier bank located in Souix Falls, South Dekota. This credit card company helps you build and restore some of your credit. They're interest rates are high, however I recommend them if you need to build your credit.
No, you have to deposit money in the account first, after that they give you a credit based on the amount you deposited. But the deposited amount stays in there until they change it to an unsecured card.
Credit reports determine your credit score based on your credit card usage. Without a credit card, you'll be unable to obtain a credit report. If you are of age, it is best to obtain a credit card and use it responsibly in order to build good credit. Good luck!
The Citi student credit card is a car designed to help college students build their credit while they are in school. In order to apply for the credit card, one must visit the Citi website.
The best way to obtain a good credit score would be to apply for a credit card, use the credit card and always pay the bill on time. This will allow ones credit to build up.
Stick to smaller purchases that you can pay off each month. And always pay on time. This will build a strong credit rating. Once you've done that, move on. After a year of on-time payments with a secured card, you may qualify for an unsecured credit card with a lower interest rate.
A secured credit card is one issued by any financial institution that have a certain amount guaranteed by you. Secured credit cards will help to restore your credit ratings and scores.