how can i start building my credit when im barely gonna turn seventeen in may?

Answer 1

Do your parents have good credit records? They handle money well? Then ask them to put you on one of their credit cards they routinely use and pay on every month.

They don't even have to give you the card. All you want is your name and SS# associated with the activity on that account.

If you are going to college, then you probably don't even have to worry about that. The CC companies give CCs out like candy to college students. Just handle it responsibly and your credit record will be off to a good start.

Answer 2

Ok now this is a little confusing because the question is very broad.
If you mean credit rating then it's quite simple...if you have a job that's full time (this will be much easier)...work and what you can do is get a credit card which is a student one because usually they give a student credit card for a max of $1000 (in Aus.) and then when you make purchases on the credit card and show you can make steady payments every month...wollah! you'll get a great credit rating. They say that to buy a house, the bank will always look at whether your good at making payments and it's generally on a credit card so i guess having one has it's pros and cons however i doubt at seventeen you'd be buying a house.
Be careful though with a credit card because they will easily trap you and you may very well easily spend the money in a flash. It's about management.
I'd recommend not having one though if you have part time or full time job because with those sorts of hours and that sort of pay at your age, it's doubtful you'd even get one in the first place and you probably wouldn't be able to pay it.
I know that the ANZ bank only distributes a card once a person turns 18 if you have an annual income of $15, 000 p.a.

Anyway im not sure if this has helped because as i said question was quite broad, and if i've misunderstood the question then i'm sorry for that. If it hasn't, i guess you've got some info anyway that could always be useful.

Answer 3

If you have not already you will soon start to get credit card offers. Once you are approved for one be very very careful how it is used, I recommend that you do not carry it with you but keep it in a lock box at your home, only use it for small purchases that you already have the cash for, store that cash with the credit card and while bill comes grab the cash and mail in the payment right away. Never use the credit card for money that you don't have, there's other safe ways of getting money or negotiating when there is something unexpected that needs to be paid when you don't have the cash.
At this time if you don't have any credit cards you can still open a savings account store extra money in and keep it in there this will help in the future when a making important purchases like a house, also go to college and prepare for a successful care that you like that you know pays very well( ask people who are actually working in the field if they make a great salary and what they did to earn it)

The above is just some basic important steps to follow at your age, when I was your age I did the above and by the time I was 20yr old I had more money and better credit then most adults.....remember to plan plan plan......and be careful when people find out how good your credit and how much money you have they will try to take advantage of you even family members...once you have money everyone wants it.

Answer 4

There's nothing you can really do until you're 18, due to the fact that you're legally not able to sign any sort of contract... so that lets out pretty much anything credit-related. Just be patient and wait till a few weeks before your 18th birthday, and then apply for a credit card. Just one. Once you get it, wait 6 months and apply for a second one. And THAT'S IT. Pay your balances in full every month, and your credit score will BLOSSOM.

Good luck!

Answer 5

That may be a problem because few people will extend credit to minors because of the laws in place when contracting with a minor. You'll have better luck when you turn 18.

Answer 6

What I did was my parents when they got credit cards they added me to their accounts and I had a cards put into my name, they were paid off every month. This allowed me to have fantastic credit when I was 18 .

Answer 7

you can lie about your age or have your parents help you out by opening a bank account and getting a secured card.

www.firstpremierbank.com you can get a secured card
www.mymccard.com is a prepaid card but offers a credit building service for $7 a month. You'd have to lie about your age to get those. Also a Verizon cellphone www.letstalk.com or any cellphone is a utility bill which helps verify your idenity and your worthiness, also good for verification for banks.

www.hsbc.com has secured lines
www.usbank.com

theres tons. start secured and with a cellphone.

Answer 8

I believe it is possible to apply for a student card. the balance will be very low and you will have to build credit.
I went through capital one to do this.
Or i believe you can have your parents co-sign for an account, but i am not very certain of how that works.