does open a bank savings/checking account help?
2007-01-04 16:01:39 · 5 answers · asked by Anonymous in Business & Finance ➔ Credit
Yes, all business with financial institutions helps. Get a debit and credit card. Use it for a few things that you will pay off at the end of the month when the bill comes. If you buy a car make sure all payments are on time. All utility bills are on time and rent . Then when you have a card offered to you get it and use it enough to keep it active but, pay it off every month. don't get in over your head and make a credit nightmare. Just do what you can and no more. Over time you will establish a good report and it will be time to use it for that house or whatever. Your job is also a plus when trying to borrow for anything. the longer you are at the job and the salary you make are helpful. Good luck.
2007-01-04 16:08:47 · answer #1 · answered by MISS-MARY 6 · 0⤊ 0⤋
Yes, -by all means, open a checking and savings account. THEN, after about 6 to 9 months, ask your bank for a Credit Card (most banks have their own C. Cards nowadays). Once you get that card, start making purchases & paying them off- you'll be on your way to establishing a credit history...
2007-01-04 16:19:55 · answer #2 · answered by Joseph, II 7 · 0⤊ 0⤋
Yes..opening a back account would help. I would also suggest that you apply for a small credit card. Start charging small purchases on the card and pay the full amount back at the end of the month. Do this consistently and you will be on a healthy track to building a solid credit line.
2007-01-04 16:11:51 · answer #3 · answered by tekkan 1 · 0⤊ 0⤋
no, bank accounts don't show on your credit report. just apply for credit cards or a personal loan. Once you get credit cards or a loan somewhere then you start building your credit.
2007-01-07 17:31:10 · answer #4 · answered by luciousgreeneyedlady 5 · 0⤊ 0⤋
YOU PEOPLE CAN GET CREDIT EASY , WE AMERICANS CAN'T GO HOME
2007-01-04 16:04:27 · answer #5 · answered by port5337 2 · 0⤊ 0⤋