I don’t have bad credit, I just have NO credit. What is the best and quickest path to take to build my credit?

valetrat: I don’t have bad credit, I just have NO credit. What is the best and quickest path to take to build my credit?
I’ve tried getting a few credit cards, but have run into the “we can’t help you because you have no credit history” response. If there is some kind of card I can get, I can pay all of my bills with it, but I don’t know where to start looking. Please help.

Answers and Views:

Answer by Sarah K
Try to get a secured credit card. Your deposit is your credit limit and works as collateral for the “loan” the card company gives you. Pay that off in full and on time and you’ll soon have a credit score (in 6 months) and use that to apply for other cards if you so desire. Inquiries from CC companies hurt your score, even though you have no credit. This should stop impacting your credit score within a year.

Answer by Lance H
The best way to build good credit is to buy something and finance it. It is easier to get financed for smaller items like furniture to start. You will pay a higher interest rate because you don’t have any credit. There are credit card companies out there that will give you a card but your interest rate will be high so be careful. If you buy something, pay off your balance immediately. Good luck!

Answer by markybme
Mightt try to get a consolidation loan first through your bank.

Answer by oraphuspmudfuddle
Go to a Lowes or Home Depot or WalMart and open an account. A lot of stores will extend $ 300.00 initial credit. It is up to you to maintain it. Make a small purchase–$ 10.00-25.00 and charge it. Pay it in full before the due date. You get double stars because you paid it before it was due and you carried no balance to pay interest. WATCH OUT for Chase cards. They are now charging interest as soon as it clears, not in 25 days!

Answer by khill
Try getting a small line of credit on a credit card through a credit union. Many credit unions will help you establish credit by granting you a small line (usually less than $ 500). Maintain a perfect payment history for at least 6 months, and you will be well on your way. If you’re not already a member of a credit union, visit the link below…