I've just turned 18, how do I get a Credit Rating?

Question

(In Australia)

Answer 1

Get bills phone, electricity, gas, when you pay you get credit ratings. If you don't pay on time you get bad credit ratings. Every time you ask for a loan or a credit card and get rejected it stays on you record as a bad credit rating. Some banks will give you a credit card at 18 if you have a job and have been there a while.

Answer 2

apply for credit card ..

pay monthly ..carry low balance

apply for loan your bank ..

make consistent payments ..

pay bills on time ..

start savings account..

act like you deserve it ..

good credit is fun ..

worth the effort

peace out ..

Answer 3

Get a secured credit card. It uses cash deposit as collateral and builds you credit history at the same time.

Answer 4

You need to apply for a credit card.  If you are working this would normally be approved for a small amount, say $500. To maintain and keep up your credit rating you need to make regular repayments and on time.  Dont let credit control you - make sure you control the credit.  It can be a good idea to have a nominal amount automatically deducted from you pay straight to the credit card each month in case you forget to pay.  Good luck.