How To Get Credit When You Don't Have Any Or Your Credit History Is Bad
If you do not have a credit history, or if your credit history is so poor that you cannot get a regular credit account, you can start to change things by considering the following ideas, each of which are discussed in other sections of this article.
- Apply for a credit account with a low limit.
- Apply for a secured or prepaid credit card.
- Get a co-signer or guarantor.
- Buy personal property on time from a company that reports to the credit bureaus.
Once you show a good record repaying either of these accounts, lenders will begin to trust you with larger and larger amounts of credit. Whether you will get to keep those new amounts or continue to increase them, will depend on you're your future timeliness of payments.