2007-02-20 13:46:00 · 5 answers · asked by crafty lady 2 in Business & Finance ➔ Credit
Obtaining credit history can be a hard at first .
The best way to sart with obtaing a credit profile is by starting with local utilities ( if they repoprt) cable companies jewelery stores . $500 or less . The surefire way is to start a bank account as early as possible with 6 months to year of good banking you can request a small secured Creditcard off of your atm card or a small line of credit . Once you have 12 months of credit filing you will not be able to stop the offers as long as you have good history .
Be sure to keep your debt to income ratio below 25% .
Only use your card for emergencies
Pay on day 25 - 30
Pay at least 10% on the balance - do not pay off too quickly the banks will raise your % in most cases.
lastly do not charge more than 45 % of your balance .
2007-02-20 14:05:50 · answer #1 · answered by deenbmore 2 · 0⤊ 0⤋
Start off with a secured loan after awhile if you pay on time, you will build credit and be switched to an unsecured card.
2007-02-20 21:49:15 · answer #2 · answered by Mariposa 7 · 0⤊ 0⤋
get a prepaid credit card to build a good credit history:
If your credit record is poor and cannot get a normal credit card, then a prepaid credit card is your best bet.
http://debts-to-wealth.com/category/Prepaid-Credit-Cards.html
2007-02-20 21:57:12 · answer #3 · answered by mey t 2 · 0⤊ 0⤋
youy got a credit history, just check.
2007-02-20 21:50:08 · answer #4 · answered by ihate c 4 · 0⤊ 0⤋
Didn't you go to college? They give the things away.
2007-02-20 21:53:19 · answer #5 · answered by miketorse 5 · 0⤊ 0⤋