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Improving Credit Score
I would like to build credit history and build my credit score by using a credit card to pay my bills, but how can I get a credit card when no one will aprove me because my credit history is not long enough? Is there a card that accepts people with little or no credit history? Something that doesn't have high interest? Thank you for your time.
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Maybe give some free advice about: Personal Finance?
One way to buuild credit is to buy something with a monthly bill(or annual bill) and just pay it on time. It's a great way to build credit, and you might get a cell phone out of it.
I hope this helps. :)
To answer your question, no, you don't have to use a credit card to gain credit. Any recurring bills will build good credit if you pay them on time. For example, if you get a cell phone and pay all the bills on time, it'll slowly build credit. Very slowly because it's just a cell phone, but it's a start.
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Prepaid cards are the best option. They work like one of those "universal gift cards", but you can refill them and they increase your credit score in the same way that credit cards do. Here's a list:
[Link](Mouse over link to see full location)
Prepaid cards are not a very good deal (lots of fees and no interest on your stored money), so get a real credit card as soon as you can.
Also, your credit score will increase just from owning a checking or savings account and not becoming overdrawn.
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