How do I go about establishing some credit?

Question

I am from Ireland and have been living in the States for about ten years. I dont have bad credit - I have no credit at all, which seems worse then having bad credit.
What is the best way to establish some credit history??

Answer 1

Get a credit card to make small purchases and pay it of each month. A second strategy is to get a credit card and pay it off over a 6 month period. You could also get a small loan(about a $1000) and put it in a savings or checking account with bill pay options and pay the loan off with the loan money. The only thing you will lose is a few dollars in interest payments. It will be worth it in the end when your paperwork is not kicked back for low, no, or bad credit.

Answer 2

Getting a credit card is one way, and making sure you pay what you use promptly.
Here is an example of a credit card you could use to build your credit with:http://goaddr.com/xs7

Answer 3

I suggest going to the bank and try to open a credit card account, they are probably not going to give you to much credit, but its a start.

Answer 4

Open up a credit card that will get you started

Answer 5

Go to the loan and try to get a small loan. Once approved, put the money into savings and make your payments from the savings account.

Answer 6

you can go to the bank and get a dredit builder loan. mine was for 300 .. its only for 6 months and it helps build you some credit and you can get higher amounts if you want to

Answer 7

Don't do credit cards , it is like dealing with snakes - you will get bitten.
visit DaveRamsey.com to learn what bankers world wide don' t want you to know. What smart millionaire do know.
There is no real need for FISCO score if you learn what they don't want you to know.