How to Start My Credit Score

Not having a credit score can impact your ability to obtain a personal loan, auto loan and credit card. There are several ways to quickly establish credit and begin building a credit score. Starting your credit is only the first step. Being responsible and maintaining your credit is key is building a solid rating and acquiring the best rates on all types of financing.

Instructions

1

Visit a bank or credit union. Apply for a savings or checking account before applying for credit.

2

Find employment. Credit applications will request information about your income and employment history. Get a job, and maintain steady employment prior to requesting a new line of credit.

3

Save money. It's easier to obtain a secured credit card with no credit history. Save at least $500 for your security deposit.

4

Apply for utilities in your name. Get a telephone line or other household utility in your name to demonstrate a level of responsibility and help you obtain your first line of credit.

5

Submit a credit application. Apply for a secured credit card with your bank or credit union.

6

Know your due dates. Be aware of your due dates, and pay your credit card on time to raise your credit score and build a solid rating.

7

Exercise self-control. Avoid the temptation to shop uncontrollably. Use credit for emergencies, and pay off your debts to keep a high score.