There are many variables when it comes to getting credit, and one of those variables is credit history. The best way to start building credit history is with a secured credit card.
A secured credit card works by depositing money with the card provider which acts as collateral against the credit card. For example; by depositing $500 with the card provider to act as collateral, you will get a $500 line of credit on a secured card.
To build your credit history, you will want to confirm that the company you use to apply for a card is reporting your payment history to the credit bureaus, either Equifax, TransUnion, Experian, or all three.
Now the important part....always pay your account on time. Do not be late with your payments! Late payments will destroy your credit before you have a chance to build it. After about a year, you can apply for an unsecured credit card. Same rules apply; pay on time to continue building a solid credit history.
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