Updated over 8 years ago on . Most recent reply
Building credit through credit cards
Hello to all, I have a question about getting my first credit card. Im 19 years old and I want to get my first credit card to start building my credit. My question is, is it possible to get a credit card without a job, for example a credit card for college students(im in college which is why I don't have a job right now) or a store credit card like Target? Or do you recommend me to just co-sign to one of my moms credit cards?(she only has store credit cards) All info will be much appreciated!
Most Popular Reply
Step 1: Find credit union.
Step 2: Walk in and apply for checking account.
Step 3: Ask about secured credit card.
Step 4: Add money to secured credit card.
Step 5: Setup online monthly auto pay the minimum.
Step 6: Use credit card.
Step 7: Credit.
The problem with other credit cards is most only report to 1 agency! So while my Experian score was great, my other 2 showed nothing! If you get a FHA loan they average your 2 highest scores... ouch!
A secured card from a credit union is designed to build credit, and thus should report to all 3 agencies. Ask to be sure. You need to build all 3 of your scores, not just 1!
Your welcome. Wish someone told me that !@$% when I was your age.