- Discover it® Secured
- Credit One Bank® Visa® Credit Card
- OpenSky® Secured Visa® Credit Card
- Capital One® Secured Mastercard®
- Green Dot Visa® Secured Credit Card
- Citi® Secured Mastercard®
- Indigo® Mastercard®
Without a sufficient a credit history, you’re out of luck when it comes to getting a loan, any credit card or an auto loan.
One way to begin the journey and help you establish credit is to obtain a “secured” credit card or be authorized as a user on someone else’s card account.
- Get a secured credit card
- Get a credit-builder loan or a secured loan
- Use a co-signer
- Become an authorized user
- Get credit for the bills you already pay
- Use a rent-reporting service like Rental Kharma or LevelCredit to place the record of the bills you already pay
- Sign up for Experian Boost which will provide a record of your paid cell phone and utility bills to credit bureaus
- Stay up to date with the status of your variouis credit scores free with Credit Karma or Experian
- Make all your payments on time; the foundations of a good credit score requires a flawless history of on-time payments
If you already have a credit card or two, make sure the credit utilization of those cards stays low. Utilization is determined by the percentage of the total credit limit you use on each card. The rate of utilization needs to stay below 30% for all those cards.
Do not apply for multiple credit accounts or loans in a short period of time. These applications for credit will make your score drop as reports are pulled by lenders and significantly hit your score.
Don’t close accounts you already have open as length of credit by average account age is a factor in your overall score.
Above all, immediately file disputes for errors which appear on your credit reports. Those errors can lower your scores.