• How to Build Personal Credit

  • If your aim is to get a credit card, you could start with a secured credit card or co-signed card, or ask to be authorized user on another person’s card.

  • If you want to build credit without a credit card, you might try a credit-builder loan, secured loan or co-signed loan. There are also ways to use rent, phone and utility payments to build credit.

  • GET A SECURED CREDIT CARD

    If you’re building your credit score from scratch, you’ll likely need to start with a secured credit card. A secured card is backed by a cash deposit you make upfront; the deposit amount is usually the same as your credit limit.

  • GET A CREDIT-BUILDER LOAN OR A SECURED LOAN

    credit-builder loan is exactly what it sounds like — its sole purpose is to help people build credit.

  • USE A CO-SIGNER

    It’s also possible to get a loan or an unsecured credit card using a co-signer.

  • BECOME AN AUTHORIZED USER

    A family member or significant other may be willing to add you as an authorized user on his or her card.

  • GET CREDIT FOR THE BILLS YOU PAY

    Rent-reporting services such as Rental Kharma and RentTrack take a bill you are already paying and put it on your credit report