What is the best way to start building my credit?

In addition to building credit through good credit habits, there are several different ways that you can start building a credit history. These include:

Applying for a bank secured credit card: A secured card is backed by a cash deposit you make upfront; the deposit amount is usually the same as your credit limit.

Applying for a credit-builder loan: This is a loan whose sole-purpose is purpose is to help people build credit. Typically, the money you borrow is held by the lender in an account and not released to you until the loan is repaid. 

Get a co-signer: This is where someone else signs the credit agreement with you. Make sure that both you and the co-signer understand that the co-signer is on the hook for the full amount owed if you don’t pay.

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