How do you establish credit when yuo are 18 years old?
355513
Get a credit card, make small purchases, pay them off...keep doing this. Sometimes you may have to secure a credit card with a small deposit but they work the same way..of course, make sure they report to all credit bureaus. Surprisingly not all credit card companies report to all three and a few don't report to any. Also, stay away from "fee-based" credit cards, those companies that give you a card with a 300.00 limit but when you get the card you already owe them 299.99 because of all the fees. Good luck.
62803
Do you have a bank that you have any accounts in?  if you do they may be willing to make you a small loan.  Everyone has to start somewhere.   (how can anyone ever get a loan if they didn't have credit?  think about it... Everyone had to have a "first" loan - it's from that point that you will establish if you are trust/creditworthy or not) so don't blow it.  Pay that loan when you do get it. \n\nIf you don't have a bank account - you may need to have a family member co-sign  the loan for you.  You need to be sure to pay the loan off on time and you will be on your way to building a great credit for your future.
376383
Your best bet would be to ask your parents to co-sign a credit card for you with a good credit card company of your choice.  This, of course, means that your parents would need good, established credit, and that you would have an arrangement with them.  They don't screw you, you won't screw them.  Meaning; you pay all the bills, on time, no mess ups that could damage their credit, and they won't chrage things on your account there by messing with your credit.  You keep this up for a few years, thereby establishing credit for yourself.  At this time, you should have no problem opening a credit account for yourself without them.  Once that is done, your parent and you will close the joint account and you are on your own.  Hope things work out for you!\nPS - If a parent won't do this for you, try a trustworthy aunt, etc. but I would stay away from friends with an issue this big.
723686
An 18 year old is still not a 'man' ,,,,, but you are still growing and need to eat a balanced diet , it would be  in your best interest also to stay away from alcohol and cigarettes, get a good education , then a good job and start saving your money, and stay away from credit cards
708378
A 17-yr old will not be approved for their own credit card in the US.  You can obtain a checking account at most banks if your parents agree to hold the account jointly with you.
349577
18 is the age where you become responsible for your debts, and should read agreements before signing or agreeing to accept credit in any form.  Ignorance is no excuse, as far as the law and credit bureaus go.
204512
You should get your parents to do the following:\n\n1) Help you set up a checking/savings account with a Visa debit card, so you can learn to manage your own money if you haven't already done so.\n\n2) Have them co-sign on a new credit card application with you to set up an account.\n\nAND/OR\n\n3) Put you on as an authorized user on one or more of their existing credit card accounts. That will also report on your credit file.\n\nFYI, they can put you on as an authorized user but you don't have to use the card, just file it. But be aware if they keep a high balance on that card then it will report on your credit file also.\n\nGood Luck
469706
A person's credit rating is built upon historical demonstration of good financial habits and responsibility.  The simplest things to do to build your credit are:\n\n1. Open a savings account and make regular deposits to it, no matter how small.  You demonstrate a savings habit and built a cash asset.  The financial principle is called 'Pay Yourself First'.  You worked for that money, you should take the first cut.  Save at least 10% of what you make and don't touch it; always use that ever-growing-wad to make yourself more money.  3 to 6 months of your current income in savings should be your first goal; just in case something unfortunate happens at work. Once you hit that, start looking into good mutual funds; another cash asset that will add to your net worth and your credit score.  Don't forget, that 'wad' is always earning you interest and getting bigger.\n\n2. Make payments to your creditors ON TIME.  A number of late payments, or worse, defaults on loans, can really screw things up on your credit report and you'll appear to be 'a bad risk'; no matter how nice a person you are.\n\n3. Open and manage a rotating credit account so you can demonstrate that you can manage credit properly.  This will help raise your credit rating.  If you don't have a credit card yet, apply at a gas station for a card; ensuring there is no annual fee.  If you're employed, it's very easy to get one of these, the credit limit is usually only a few hundred dollars, and you can easily use it for something that you're likely paying for each month anyway.  Yes, you could get one from a department store, but its more likely you'll have a 'new shoes' emergency or the like.  Stick with the gasoline necessity until you are comfortable handling credit properly.  To budget your expense, keep the receipts for your gasoline for a month or two and average how much you spend on gasoline in a given month.  Set the money aside in an envelope when you get paid, and at the end of the month when your gasoline bill comes, deposit the money and pay off the balance.  Paying off the balance each month avoids any finance charges and ensures that having the card (and building your credit score) won't cost you a thing.\n\n4. Pay down your outstanding debts.  Once you are carrying enough debt to impact 50% of your cash flow each month, creditors start getting itchy about your ability to repay any additional amounts.  If you have several cards and are carrying balances on them, target the highest interest rate card first and pay it down to $0.  Take them in order until you're out of debt.  Then use the lowest rate card and carry a small balance.  I use one card for gasoline and monthly services then pay off the balance each month.\n\nPeople with good credit ratings get lower interest loans because they've proven themselves a good credit risk.  You'll appreciate that when you apply for your next car loan or your next mortgage.  One or two percent over a 30-year mortgage can save you thousands.
232472
A cell phone will NOT help you establish credit. Trust me, I moved to the States from Europe and I had to establish credit also. I got a secured credit card and after a year, I bought a car. Start with the secured credit card, increase the balance by 100+ every so often, after a while just get a regular credit card, then you can apply for a loan for a computer, car, washer/dryer.. Whatever. Good luck!
265833
This is one of the most common questions on this board.\n\nHow do I build/establish credit?\n\nFirst off you need to be educated about how credit works in the U.S.  Every credit decision a lender makes is driven by FICO credit scores. You can go to www.myfico.com and look in the Credit Education section to learn how FICO credit scores are determined. To build your credit you have to place positive credit items on your file that will report positively for 6-12 months minimum. If you want your credit to be in the Excellent category (FICO score 720+) then your goal should be to have 3-6 revolving accounts(dept. store, gas cards, Visa. etc.) and 1-2 installment loans(car, mortgage) that are reporting positively.\n\nI would start out with a Bank of America or Wells Fargo secured Visa card. Both banks have great programs with low annual fees, low starting amounts ($300.00) and no junk transaction fees like some people are promoting on this board. After 12 months of positive on time payments you will graduate to an unsecured status. Then you will probably be approved for other cards such as dept. store and gas cards.\n\nGood Luck
856906
In Australia, you have to be 18.  But please think seriously about getting a credit card that you may not have the income to pay.  Interest rates are very high on cards, and although we may start off with really good intentions of paying the card off every month, it quickly gets away from us, and we end up with a real problem, which can affect your credit rating for a long time into the future.
1006724
You will not get the credit you think you deserve because you must first establish credit. I know a kid whose only bill was a cell phone. Guess what? He went delinquent on it. He has just put the first stain on his credit.\n\nThe only way to prove yourself is to accept the high interest rates now. Pay them on time all the time. Maintain your employment for as long as you can. If you change you job within the last year it will affect your interest rate and may even affect whether or not you are approved for credit. Keep in mind that creditors are looking to see what they can work with.\n1. How much do you earn? In most case it must be over $12,000 USD.\n2. How long you've worked at your present job? Should be better than a year.\n3. How old your are? Over 24 is a better chance to get credit and lower interest rates\n4. Do you own or pay rent? "Live with parents" doesn't impress a creditor.\n\nIf all the above are good answers then work on getting a secured credit card. There will be a lot of fees associated with a secured card such as application fee, annual fee, processing fee and late payment will be $25 and up, and your interest rate may be around 18 - 25%. Do this for a over a year. Make sure you actually use the credit card but dont ever max it.\n\nProvidian Bank may give you credit without money into a savings account but there interest rates will be up there. They start of low but every 6 month they increase as long as you've made timely payments.\n\nAlso get a loan. Have a family member cosign it. Your credit as well as their credit is affected. So as long as you make timely payment its a win win situation. You can't be denied an auto loan. Having and paying these loans and credit cards increase your credit score. Once you have these under your belt and your on the better side of items 1-4 stated above, you should be home free.\n\nGood Luck
999783
Most banks will open an account for you, however a credit card is an extension of credit which the application is a legal document.  The bank must follow the law that governs your state.  State law dictates how old you must be to sign a legal credit agreement.  Each state is different.  You will need to contact your bank.
700660
be a citizen.18 yrs old
504014
the fastest way is to ask a trusted friend or family with good credit to add you as an authorized user on one of his/her accounts. This will add years of credit on your report. Example..your mom has an account with sears that she has paid on time for 3 years..by adding you as an authorized user your credit report will show you have had an account with sears for 3 years also. If that doesnt work try getting an secured card and pay it on time and keep your balances low for 6 months..then wham!!
49021
Try Advanced Credit Systems.\n\nVery reliable and great pricing!
292764
I dont think there is any "quick" way to build credit.  The way I started my credit was I got a loan from my bank for 2000.  I put that money in savings and used that money to pay on it every month.  It takes about six months for it to appear on your credit report, my suggestion is to have it paid off in the 6 months so that you are not paying as much interest on the loan.  This will also allow you to establish credit with the bank and if you ever need them again they will take into consideration that you paid off the last loan they gave you with no problem.  Another way is by getting a department store credit card.  make a small purchase on it a month, and every month pay that purchase off.  If you are denied the credit card, wait at least 3 months before applying for another one.  Too many inquires on your credit will only hurt your credit score.