How do I raise my credit score without using a credit or Visa card?

[Anonymous]

Say a person has never had a Credit card or Visa.. Their credit score has been the same, neither going up or down in number (s)..
How do they increase their credit score without ever having, using or getting a visa/credit card? 💳

[Oliverlogan263]

Here are some options to improve your credit score without using a credit or Visa card:

- Become an authorized user on someone else's credit card. As long as they have good payment history, it will help your score. Just make sure they let you know the account number so it reports to the bureaus.

- Look into getting a secured credit card. These require a refundable security deposit, usually $200-500, but they report your on-time payments which helps build credit.

- See if any of the utilities or recurring bills you pay monthly can be reported to the credit bureaus. Things like rent payments, cell phone bills, etc. Some companies will do this for a small fee.

- Become a co-signer on an auto loan with someone you trust. Their on-time payments will benefit your credit history as well.

- Check if your phone carrier, cable/internet provider offers their own "credit-builder" accounts. You pay a set amount each month and it helps establish credit.

- Consider a peer-to-peer lending platform like Prosper or LendingClub. You take small loans that get paid back over time.

The key is setting up new, responsible payment lines that report to the bureaus. Be patient - it takes 6-12 months of on-time payments to really move the needle. But one of those options should do the trick, sis!

[Drew-1990]

You need to get some kind of loan then and pay it off on time each month. When I was too young for a credit card but bought a car, I got a small loan even though I didn't need to. Something small where the interest won't be much.

[Asker]

Ha! I pay my car payment monthly and that should could for my credit score to rise but it doesn’t.

[Drew-1990]

Weird it should

[Danny_dan92]

You don’t have to use it necessarily. Just having one tied to you increases it.

[Asker]

A credit score remains low if someone has not visa or credit card. With low credit score, the person is disregarded even with a fair biweekly income.

[Danny_dan92]

Rright…

Which is why I said get a credit card and just don’t use it

[jahaims]

You can take a personal loan and pay it back.

[strateguy632]

do not bother