I'm 18. I have no credit. howeo I build up my credit?

Question

I'm 18. I have no credit. howeo I build up my credit?

Answer 1

1. Get a checking and a savings account at the bank of your choice.

2. Sit down with a bank manager and ask them how can I establish credit with the bank.

3. One way is to have a co-signer on a small ($500) personal loan.

4. Or you can save $500 and ask the bank to deposit your $500 to use as collateral for a $500 personal loan. Then pay the loan back. You could even do this with several banks. Use the loan proceeds from bank 1 to open an account that you use as collateral for a personal loan from bank 2.

5. You pay back the money on time thats how you build good credit.

To your prosperity

Answer 2

Try and apply for a loan at your bank and ask for a credit card at the same time.

Answer 3

First get a credit card, you can get credit card with no credit.  First PREMIER Bank Centennial Gold MasterCard®/Visa

http://apply-credit-cards-now.info/?cont...

Answer 4

there are two ways you could start credit one or them is taking out a small personal loan which you might need a parent or an adult to co-sign for you meaning if you do not pay the loan they will. Or you could apply for a credit card for bad or no credit which most likely will get you approved no matter what, but if you are a student you could get a student credit card which will offer you lower rates and no annual fees, check out www.fastcreditcardapprovals.com and go under bad or no credit or student cards. good luck

http://fastcreditcardapprovals.com/

http://www.fastcardapprovals.com/

Answer 5

Totally feeling you dude. I'm 18 too, and i can't get  a freakin credit card. What I did though is applied for one at my bank like a debit card, and had my parents co-sign. so they gave me one. And that builds up credit cuz it also has the mc or visa logo on it. Or you can open up a loan and make all the payments on time. Although thats more complicated.

Some banks also have special college student cards that you might be able to get too..