Is there anyway to develop credit besides getting a credit card? And how do you go about getting a credit card?
2007-07-14 12:57:02 · 11 answers · asked by steph 2 in Business & Finance ➔ Credit
Yes, pay your bills on time - every time. Have stable employment. You can start with store credit (Sears, Target, etc.) because they are more willing to extend credit (small credit lines) to people at the check-out line of the store.
2007-07-14 13:00:10 · answer #1 · answered by pepper 7 · 1⤊ 0⤋
I advise if you get a credit card to go thru your bank so that it's a visa or mastercard. Don't get a department store card because the rates on those are ridiculous. Once you get a card, pay it off each month. Other ways to improve your credit are with car loans, maybe a small personal loan through your bank. I would also recommend opening a savings account...it won't make a difference on your credit report, but later on when you hit a tight financial period you will have the cash available to pay your bills and therefore not create a negative mark on your credit!!
2007-07-14 20:04:59 · answer #2 · answered by casw1 4 · 1⤊ 0⤋
You can take out a loan from a bank, if you're 18, and just use the same money to pay the loan back. Of course you would have to pay interest.
The easiest way to get a credit history is with a credit card. Just be sure to pay off the entire balance every month. It takes years to straighten out a bad credit history.
Work up a budget on how much you can spend for clothes, entertainment, rent, etc. and put it on a spreadsheet for every month. Then save all your receipts for everything you buy, so you don't overspend. Put your receipts on the spreadsheet and you won't overspend. Good luck!
2007-07-14 20:02:39 · answer #3 · answered by P S 4 · 1⤊ 0⤋
if you get denied for a credit card ask about a secured credit card (prepaid card).once you get the card make sure you keep the balance at 50% of limit. and obviously pay on time
2007-07-14 20:10:15 · answer #4 · answered by brendan m 1 · 0⤊ 0⤋
A personal loan co-signed by someone will work if you do not want a credit card.
A credit card with a low limit is a reasonable idea if you use it wisely.
Look at this site.
http://www.thecreditcardtorebuildcredit.com/categories/bad_credit_credit_cards
2007-07-14 20:17:14 · answer #5 · answered by Anonymous · 0⤊ 0⤋
the best way to develop credit is to go to target, and get one of the member cards. Then after six months you should recieve a visa target card.
2007-07-14 20:01:33 · answer #6 · answered by Judoman 2 · 1⤊ 0⤋
Credit cards are the best way to build credit. Go here if you need help finding a credit card http://www.ccvault.com/select/step1.php
2007-07-17 17:02:38 · answer #7 · answered by Helper 2 · 0⤊ 0⤋
apply for a credit card and see what happens if it doesnt work out then get a co signer and it should build your credit as long as you make the payments it should build your credit to a high potential
2007-07-14 20:00:19 · answer #8 · answered by Anonymous · 1⤊ 0⤋
A lot depends on your age;-} can't tell from your avatar.
You get credit by using it, & not abusing it.
Start small, by getting a store card where you shop.
Make a few purchases (as needed) & pay balance promptly.
Some banks have a kid's card, where you deposit money.
It's not really credit, but it gets you started.
2007-07-14 20:03:52 · answer #9 · answered by Robert S 7 · 1⤊ 0⤋
Maybe you can try below website to get the information you need. It's about increasing your credit score articles for your second opinion.
2007-07-14 22:49:06 · answer #10 · answered by Barbara S 2 · 0⤊ 0⤋