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!
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.
Opinion
3Opinion
You don’t have to use it necessarily. Just having one tied to you increases it.
You can take a personal loan and pay it back.
do not bother
You can also add your opinion below!
