What is the first step should I take to begin my credit history? Loan, credit card?
2007-01-24 15:52:26 · 12 answers · asked by Vladimir S 1 in Business & Finance ➔ Credit
Yes.
2007-01-24 15:59:28 · answer #1 · answered by da_hammerhead 6 · 0⤊ 0⤋
Credit history or credit report is, in many countries, a record of an individual's or company's past borrowing and repaying, including information about late payments and bankruptcy. The term "credit reputation" can either be used synonymous to credit history or to credit score.
When a customer fills out an application for credit from a bank, store or credit card company, his or her information is forwarded to a credit bureau, along with constant updates on the status of his or her credit accounts, address or any other changes you may have made since the last time he or she applied for any credit.
2007-01-24 15:56:54 · answer #2 · answered by Anonymous · 0⤊ 0⤋
a credit card will be easiest. You may have to build up for a loan. Try a store credit card first.
2007-01-24 15:55:03 · answer #3 · answered by uknowme 6 · 0⤊ 0⤋
Store credit cards are easiest to get.Sears,Food lion, Walmart etc.Also, Borrow some money from a friend or relative,put it in a money market acnt,wait a month & barro against the money you have in you're money market acnt & pay the person back who you originally borro'ed the money from.Repeat this same process over & over again untill you're credit is good enough to obtain a major credit card. Pay all you're payments on time.Tell the bank what you are trying to accomplish & they will help you.
2007-01-24 16:10:01 · answer #4 · answered by jimbobob 4 · 0⤊ 0⤋
I'd apply for a credit card. Here, check this one out:
http://www.capitalone.com/creditcards/products/9822/33/index2.php?linkid=CJA_10453856_1469133_7c496094200722016f242237572529_
This is the credit card my sister got (she's 19, in college and trying to start her credit). You're pretty much approved from the beginning as long as you don't have bad credit. You have a $300 limit for the first 6 months and as long as you pay it off ON TIME, you're limit raises to $500 after that. Just remember to keep paying it.
2007-01-24 16:01:05 · answer #5 · answered by mattysmommy2004 4 · 0⤊ 0⤋
Get a prepaid or guaranteed credit card, and then buy stuff even if you dont' need it, but that you know you can pay off in time. Then later, try for a regular credit card.
2007-01-24 15:55:44 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Start with a credit card, like a store card (Target, Macy's, etc), gas card, or a major like Visa. Put a few purchases on it a month and pay it off completely.
2007-01-24 15:57:35 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Apply for a department store credit card like Macy's.
2007-01-24 16:54:42 · answer #8 · answered by Jamers 2 · 0⤊ 0⤋
Credit card. Make your payments on time.
Then paying off a car is usually the next step and then finally paying off a condo or house. as long as oyu make your payments on time for htese things your score will slowly raise up.
I have flawless credit.
2007-01-24 15:56:03 · answer #9 · answered by Another۞Human 2 · 0⤊ 0⤋
credit cards
2007-01-24 15:56:20 · answer #10 · answered by ROSEY 3 · 0⤊ 0⤋
apply for a credit card
buy any products thru ur credit card
pay cc bills on time
:)
2007-01-24 19:35:31 · answer #11 · answered by stew w 2 · 0⤊ 0⤋