What is the best way to start building credit?

I am starting fresh with no credit what so ever. Where should I start?

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September 2017
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The answer to your question depends on a number of circumstances, but generally speaking, the best way to build credit is to start using credit responsibly.  Often, the easiest way to do this is to apply for a credit card.

Depending on your age, income and a number of other factors, this may need to come in the form of a Secured Credit Card.  These can generally be acquired through the bank or credit union that you currently use. 

If you might qualify for a non-secured credit card, make sure you find the one that's best for you.  A great resource to research what card might be best for you is Nerd Wallet.  Click on the link, answer the various prompts to determine what might be best or most rewarding for you.

Not to sound like a beer commercial, but the most important piece of my response above is "start using credit responsibly."  This means start charging one or two things a month to the card, never spend more than you can afford to pay cash for right now and then pay off the credit card IN FULL at the end of each month. 

September 2017
September 2017