hello everyone...i am new to this forum, and new in this country....so hoping to find friends like you
Hoping anyone can help me get started on how to have/start a credit score. Please, please....I dont really know where to start.will appreciate your replies.
thanks
I'm not sure but I'd assume your best bet from the very start would be to open a credit card, I think that's how most people get started (and end up ruined later haha). I don't know if being new to the country has any effect on what cards you can get though. My first card was from Capital One right at 18 - there were the beginning (and the end!) of my credit haha but that's just because I was irresponsible in my payments.
Good Luck
What bank are you with? If you don't currently have a checking account, sign up for one at a bank or credit union. Then see what CC's they offer, if you have no credit you may need to start out with a secured card, then after 6 months to a year or so of responsibility they may upgrade you to an unsecured card. Are you considering going to school? That's what started my credit, a student loan. And, you do not need to pay it while you are in school.. but only take out what you need, and can afford to pay back later.
Do a quick search on these forums for rebuilder CC, go to the credit cards section- there is PLENTY of info to help you out there as well.
There are places such as Crown Jewelers who dont pull a credit report, but will report to all three CRAs once you purchase something-- its a line of credit good for only their store, I recieved a 1500 limit, bought something for 40.00 and now it has a 0 balance, I will close it after its done its job of helping me rebuild. Look into this before applying for it, its not a consumer credit card, and can ONLY be used at its store, or website.
There are also other GREAT secured cards to apply for that- as people have said- will upgrade you to an unsecured rather quickly. Just do some searching and you will be truely amazed at what all the MYFICO geniueses know! 