How to Get Credit

Young people trying to get loans or credit cards is often hard without a history of repaying credit, and the same goes for someone with a past history of bad credit. The saying rings true, you cant get credit without having had credit! Learn how to build a good credit score so when you do need to loan money the process will be easier for you.
These 7 steps will put you on your way to good credit:

1. Open a savings and checking account.
2. Pay all your bills when you get
3. Make a secure start with a secured credit card.
4. Get a credit card in college.
5. Get store credit.
6. Borrow someone else's good credit.
7. Don't open too many new accounts at once.

Seven Steps to Stellar Credit
"For millions of young people just starting out in their financial lives, getting approved for a credit card, auto loan, mortgage or other line of credit can pose a challenge. If you don't have a record of making payments or managing credit, lenders don't know whether you're reliable. They'll likely turn you down or charge you higher interest rates until you can prove your creditworthiness".

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