Trying to build credit....

[Louisiana_CRX 5,000+ posts]

Whats the best way to establish credit ? Ive always paid cash for everything but Im wanting to buy something that requires credit history....So I was wondering if theres a way to set up a credit history online where when I try to buy it everything looks good to the lending company....

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[IonRL205 10+ year member]

Go to a bank, get a loan and pay it off.

 

[JoshC 10+ year member]

Go to a bank, get a loan and pay it off.

best way

 

[dumple 5,000+ posts]

Credit cards ,cell phone bills

 

[JrVtecAccord 10+ year member]

Go to a bank, get a loan and pay it off.

That can be a little difficult with little to no credit history. Not sure on your credit history, but one or two secured major bank credit cards is a good start. Once you have some history, you can now apply for unsecured credit.

 

[whitedragon551 5,000+ posts]

Go to a bank, get a loan and pay it off.

Depends on how fast you pay it off. If you pay it off in less than a year they wont look at it. Its got to be for atleast a year and no missed or late payments.

 

[wenn_du_weinst 10+ year member]

credit cards only charge up to 1/4 or so of the limit never max out

 

[Goldenknob 10+ year member]

It also would depend on which of the three agencies the bank reports to. It may not the the same as the place that you need established credit uses. Thats the issue I'm having.

 

[Serpent710 10+ year member]

get a student credit card, has a $500 a month limit and use it for your gas. pay it off when you get the bill //content.invisioncic.com/y282845/emoticons/wink.gif.608e3ea05f1a9f98611af0861652f8fb.gif

 

[Louisiana_CRX 5,000+ posts]

i use to get a lot of credit cards when i had a job...but the quit giving them to me since i got laid off a couple years ago....

 

[wone 10+ year member]

arnt u old enough to know how to get credit

 

[wenn_du_weinst 10+ year member]

what about those payday loan places? I mean they **** you but will they help credit? Always wondered that

 

[timaishu 10+ year member]

Buy **** for other people and then have them pay you and then you pay it off.

I mostly use mine for buying the family groceries. I buy, parent writes me a check, deposit and pay off the amount same day.

My credit score is 730.

 

[Louisiana_CRX 5,000+ posts]

what about those payday loan places? I mean they **** you but will they help credit? Always wondered that

they wont give me credits I tried...only one is title loans but they limmited to $1000 and you have to pay back $99 a month...but Im looking for unsecured loan I don't want to risk my house or vehicles

 

[VisceralSound 10+ year member]

I have 1 major wellsfargo credit card, (1,200) limit, haven't used it.

But I have a best buy credit card that has like half the limit on it, being paid off.

I guess I have a credit score of like 434 right now? I'm only 19 though.