Updated almost 10 years ago on . Most recent reply
How to achieve great credit
Hello! I am currently looking into getting my first rental property through the technique of house hacking. I am 20 right now and currently live in the Minneapolis area. Just as most young people, I don't have much credit. I just applied for a secured credit card and will start there to build my credit. I looked up how much credit you need to get a FHA loan and average is 580. I want to know how to build my credit fast so I'm not having to wait years or a long time to start my first house hack project.
Thanks so much for reading!
Most Popular Reply
Simple things:
- Get added as an authorized user on someone's credit card that knows, loves, and trusts you, that has had the credit card for a while. You will often inherit that card's history.
- With your baby starter card, buy your wife something modest but nice once a month, pay the full balance of the CC off once it comes. She is also to buy you something nice once a month on her card.