credit scoring

To build up a good credit score, you need to build up a good credit history. For this you either need to get a secured credit card or an unsecured credit card. Since you do not have a credit score, you may not get an unsecured credit card, but you can definitely get one secured credit card. For secured credit card you need to keep a certain amount of money with the credit card company and you get a credit card with credit limit equivalent to the amount of your deposit. Now you should spend on the credit card and repay it within the due date. In this way, you will be able to build up a good credit history and once you build up a good credit history, you can always opt for a new unsecured credit card.

Hi Guest and welcome to the credit magic forum. I see you are really new to this type of thing so why not sign up (its free) and join in the community. We can help guide you whether you are a mamber or not but it just might be easier for you to follow your posts if you had a community name. Can I ask your age? I was just wondering because I know a lot of young adults face this type of dilemma all the time. Scott really gave you some good information. Let us know a little more about you and then we can really get you some great answers.

Hi Tam
Just start with a secured credit card. You can find a number of credit card companies that will give you such type of cards, but unlike unsecured credit cards, you need to pay annual fees on such cards which may vary from one company to another. Some of the companies that offer secured credit cards include the Bank of America, Orchard Bank Secured credit cards and new millennium bank secured credit cards. But make sure that you repay back the money you spend on these cards on time.