How do I get a credit rating at 18?

+1 vote
asked Dec 20, 2017 in Credit by O Alem (160 points)
How do I get a credit rating at 18?

How can I get my credit established when I'm 18 and have no established credit score or credit rating?

1 Answer

0 votes
answered Dec 20, 2017 by Lilly21 (57,780 points)
Since you have no credit history you could apply for a secured credit card.

With a secured credit card you put up a refundable deposit on the secured credit card. The deposit for the secured credit card is usually around $200.00

The credit card company then gives you a credit limit like on a regular credit card and you pay back what you've spent on the credit card through a bill they send you.

If you make the payments on time and use the secured credit card responsibly you'll establish a good credit history and have a good credit score.

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