I have had a credit card for about 6 months, paid it off each month.
2007-04-15 08:02:54 · 4 answers · asked by Anonymous in Business & Finance ➔ Credit
It depends on how much you need to borrow. If you're trying to qualify for a home mortgage, you might need 2 years. But, for something like an account at a department store, 6 months should be enough.
2007-04-15 08:06:41 · answer #1 · answered by jdkilp 7 · 1⤊ 0⤋
Andy,
Be very careful about the use of your credit card. You would be wiser to dump debt and buy cash. Find a way to live beneath your means. Save money and make your next purchase with cash. The need to 'establish' credit is not that necessary.
2007-04-16 12:01:07 · answer #2 · answered by nobody 5 · 0⤊ 0⤋
you need to have at least thee lines of credit credit cards and keep paying on time in 1 or 2 years you'll be there 850 is the hig score low intress and any thing credit can buy........be carefull
2007-04-15 15:07:47 · answer #3 · answered by CJ 2 · 0⤊ 0⤋
6 months is 'green' in the system but paying it off all the time is an excellent start . . .
Keep going and read this >
http://en.wikipedia.org/wiki/FICO
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2007-04-15 15:30:47 · answer #4 · answered by kate 7 · 0⤊ 0⤋