How do you establish credit?

Jump to Last Post 1-7 of 7 discussions (7 posts)
  1. KevinTimothy profile image81
    KevinTimothyposted 6 years ago

    How do you establish credit?

    Preferably, how to improve credit score without the use of credit cards.

  2. Kbdare profile image62
    Kbdareposted 6 years ago

    buying a car and keep up on the payments is a great way to improve your credit.

  3. LandmarkWealth profile image78
    LandmarkWealthposted 6 years ago

    Generally just simply establishing any form of credit and paying it back in a timely manner.

  4. jentaylorsc profile image61
    jentaylorscposted 6 years ago

    There are a lot of things that go into your credit score. Having a large credit line that is not being utilized is actually a good thing. However, if you have a credit line with the majority of it being used then that is bad. It means you have a lot of debt out there.

    If you want to lower your debt, payoff some of your debt, do not necessarily close accounts once they are paid off (credit cards) as this will lower your available credit, and do not default on any accounts. Building up your credit takes time.

    When I first met my husband I didn't have much credit just because I really hadn't taken out any loans and didn't have credit cards. We got me a credit card that we paid on every month. When we went to buy new furniture, I got a small loan from my credit union (they have better rates), and then paid it off ahead of schedule. These things quickly built up my credit score.

    If you have poor credit, it will take time to build it back up. That is because the credit bureaus keep certain information in there for a set period of time such as late payments or defaults. So keep up with your payments and pay down your debts. Also, be sure to check your credit rating every year (as it is free to do so) to make sure everything looks good.

  5. profile image0
    screamingposted 6 years ago

    Buy furniture from a local store and pay on time. Realize most of these pay here places don't report, so you will have to ask them to do so. If you have a year to pay it off, pay it off in 3 months. Best advice I can give you, is forget a credit card. If you can't afford it, save for it, then buy it. Credit card companies are legal loan sharks!

  6. dpsimswm profile image59
    dpsimswmposted 6 years ago

    A while back, I heard about someone taking out a loan at a bank and then investing the proceeds in a CD.  As soon as the CD matured, they paid off the loan in full.  It cost them less than $50 in interest cost, and voila they had established a credit history.  This would work best with someone very young.

  7. zaton profile image74
    zatonposted 13 months ago

    Getting a personal or business loan is actually a very good strategy for improving your credit. Suspend usage of your present credit cards after you pay them off, and you'll see the FICO score shoot up in just a few months. http://pinstor.us/articles/10-best-cred … one-cards/

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)