2006-08-08 14:20:20 · 5 answers · asked by sweetgurl1377521 2 in Education & Reference ➔ Financial Aid
You start building credit by applying for credit cards. You then use those credit cards to purchase some things. Then start paying your credit card bills on time like every month. This makes your credit rating increase. If you don't pay your bills on time, your credit rating goes down resulting in bad credit. So make sure you don't go that route. Use credit cards RESPONSIBLY(only if you have income or money coming in from a job).
Basically you have to have a job to get a credit card or at least some annual income.
Pay credit card bills on time and everytime = Credit rating goes up.
Note: You can apply for FAFSA and be qualified for federal aid(i.e. Perkins Loans, Stafford Loans) from school which doesn't require any credit background. Only things that need credit are when you apply for private student loans from other lenders like Sallie Mae, Citibank, etc.
2006-08-08 18:57:11 · answer #1 · answered by deep_crawl 3 · 0⤊ 0⤋
In some ways no credit is worse than bad credit. ie. Education loans and home loans. Your best bet is to get a credit card, put something on it and then leave it at home and just make monthly payments. The longer you pay the better your credit (so long as you are prompt)
2006-08-08 23:49:44 · answer #2 · answered by Brittainy 3 · 0⤊ 0⤋
you have no credit so what is the problem
just get a secured loan and keep it current
no credit is better than bad credit
2006-08-08 21:29:40 · answer #3 · answered by jesse t 1 · 0⤊ 0⤋
When you go to the mail, look for a link on the left hand side where it says low Credit?
2006-08-08 21:25:26 · answer #4 · answered by Pleasant Hunter 2 · 0⤊ 0⤋
the easiest way is to get a cell phone in your name. or get a loan from the bank that be paid off easily.
2006-08-09 01:59:32 · answer #5 · answered by Patricia 3 · 0⤊ 0⤋