1. Get Added As An Authorized User On A Credit Card
Ask someone to add you to their credit card as an authorized user. Obviously this will likely be a family member, spouse or close friend. Really close friend!
You don’t even ever have to use the credit card so there’s no risk to them.
On the other hand, you will benefit from the authorized user’s wise use of credit. Over time, this will improve your credit as well.
2. Apply For A Secured Credit Card
The benefit of getting a secured credit card is that you have to pay upfront. As you wipe away your monthly debt, you begin to boost your credit history.
The key to getting fast credit is to pay for whatever you swipe at the end of the month. Pay it in full. That way, you’ll get credited with a zero balance after 30 days, which is an A1 credit practice.
3. Get Credit For Paying Your Bills
A relatively new financial product is the rise of rent-reporting services. These services report your bill payments to the credit bureaus.
That means you can get credit for psyching your light bill or other utilities.
How Long Does It Take To Build Credit?
A lot of consumers may need to build credit quickly because of a big purchase, like a house, car or even a TV.
But it’s going to take several months — figure about six months — for your credit score numbers to rise.
The reason it takes so long for your credit score to rise is because the credit agencies, Experian, Equifax and TransUnion, need to build a report on your credit history.
Also, FICO requires that at least one of your credit accounts be open for six months, so the credit bureaus like to use those six months to monitor your financial decisions.
Final Word
It’s always a good idea to get request your credit report to see where you are credit-wise. By law, you get one free credit report from each credit reporting agency.
Up Next: How To Dispute Your Credit Report
https://atlantafi.com/how-to-dispute-your-credit-score-really-easily/
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