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How do you build a credit history?


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Answered 2007-02-16 15:31:22

You have to establish credit. One way is to obtain a loan through a furnature store or auto dealer. You purchase an item, and even if you could pay cash, take advantage of 'no interest for three months' or other such items to make payments on the item. This will build up a credit rating. One or two credit cards, (Not dozens!) with prompt pay-offs, is always a good thing. If you are renting through a large property management firm, they may report your rent payments to the credit bureaus.

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How can someone with no credit history build their credit?

To build a credit history from having none is a difficult prospect but any website that offers you a pay in 90 days or similar offer establishes a credit history. Alternatively the bank you have your savings account at might offer you a lower maximum borrow limit credit card which you can then use to establish a credit history.


I need to get my first loan, what can I do to to help build credit history?

Building a credit history requires taking out credit to get a history going. Open a no-annual-fee credit card and make sure to charge to it every month. Also, make sure to pay it off in full each month to build a positive credit history.


How can you get a credit card with no credit history?

You can apply for small store based cards such as kohls, maurices, American eagle... They build your credit and are relatively easy to get with limited credit history.


What are some steps to build credit history in the shortest time?

To build credit history quickly, take out a new credit card and pay off the balance each month. Also, make sure you do not have any balances on major credit cards or store credit cards.


How do credit cards build credit?

Credit cards aid to build credit history in the same manner that any debt, whether it is from purchasing a car or by just paying rent. Be responsible with credit cards. You should not overspend.


How can I build my credit history?

Some of the best ways to build your credit history is to get a landline phone and make all your payments on time. Another way would be to get a credit card with a very low limit and pay it off every month.


Can I get a credit card without any credit history?

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.


How does someone create a credit history?

Obtain a credit card and use it. Store credit cards are available to use as well-- they're specific to that store, of course, but it can be used to build a credit history with purchases and such. Any major payments made will count towards that credit history.


Can you build credit history by using Debit card alone and not using Credit card at all?

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.


Is the Gesa Credit Union card good to help me rebuild credit?

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.


How soon do you build a fico score?

35% Payment History 30 % Amounts Owed 15% Length of Credit History 10 %Types of Credit used 10% New Credit for more information go to www.thecreditguy.tv


What are some excellent ways to build a good credit history in order to secure a home loan?

To build a credit history and raise your credit scores, you must pay your bills on time, you must use credit, and you do not have to pay interest on your credit cards. In fact feel free to pay your credit cards off fully each month. Most importantly, you cannot expect results overnight, building credit takes time.


I wish to have my own credit card Is it possible to obtain one though I don't have credit history?

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What is the easiest method of getting Online Credit?

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Can you gain fast business credit?

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Is there any way I can get a free loan to get instant money and to help build my credit?

You build up credit by making purchases on credit and making payments for them. Since you may not qualify for major credit cards, you can start with either debit cards or get department store credit cards such as Sears, Macys, Kohls, etc. The store credit activity becomes part of our credit history.


Is a credit score of 711 good?

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How do you rent an apartment with bad credit and no cosigner?

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How do you build up credit history?

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How do you get financing for a ranch?

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What are some of the benefits of an American Express secured credit card?

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What is your credit score if you have no credit and how do you get it?

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