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Establishing Credit

Good credit comes with many benefits. Not only do lenders look at your credit and credit history when deciding whether to loan you money, but employers, insurance companies and landlords consider your credit history as well. Because your credit history can help others make decisions about you, it’s important to learn the basics of establishing good credit early on.

Establishing Credit When You’re Young

Establishing credit and learning how to use it wisely can make your transition to adulthood so much easier. Start by having your parents include you as an authorized user or joint account holder on one of their credit cards. You can help them review the monthly statements and even help make payments.

Positive credit history, though, is about more than just being able to use a credit card to make purchases. Future employers might consider your credit history when you’re looking for your first job. It might even play a role when you’re getting your first apartment application approved, and it will be crucial when buying a car.

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Dear Experian, I’m currently a college student. How do I start building credit? Is having a credit card enough to establish credit while being a college student? –          KMA...

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Dear Experian, I have been approved for two credit cards with two different limits and interest rates. One offers cash back rewards. I am trying to build my credit....

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Dear Experian, Why is it important to establish credit while you're young? If I don’t establish any credit will it affect my future and why? - OZY

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Dear Experian, A bank has a new credit card for those with poor credit. They say you have to put down a $300 deposit, and after that deposit they'll give...

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Dear Experian, I have no credit score and am unable to get credit for a car loan. How do I get a credit score? I have my own apartment and...

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Dear Experian, I am trying to rebuild my credit. Is it better to keep a zero balance on the credit cards that I have recently paid off or keep a...

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July 20, 2011

Dear Experian, I recently moved here from British Columbia, Canada, and when I apply for a credit card here you deny it because you say my credit information is not...

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