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How to Build Credit From Scratch
Building credit can be a slow process, and it can be discouraging. Have patience and use these tips, and you’ll be on your way.
Find and Maintain a Stable Job
You might already be off to a good start if you’ve had a long-term, stable job. If not, it should definitely be one of your main focuses in the immediate future. Choose a job that you can plan on keeping for many years, because job stability always looks good when you’re trying to get credit. It shows the creditor that you are reliable and have a steady income — which means that you will be able to pay your bills.
Open a Bank Account
If you don’t have one already, this should also be at the top of your to do list. Any bank account is fine. The point is to open one and maintain activity. This will show that you are able to keep track of transactions.
Apply for a Credit Card
If you do not yet have one, obtaining a credit card is something that you should try to do. Be sure to do your research and find the credit card that is the right fit for you. There are many types, from those that are high interest with no fees to those with low interest for individuals who tend to carry a balance, to credit cards that have a reward point system. There is no “one size fits all”when it comes to credit cards, so research…
