How do I build credit from scratch?

how do i build credit from scratch and feel like the chicken and the egg credit score get a credit card but you can qualify for a loan i get a credit card without credit history right so what do you do let's start with a bank account you don't really need a loan credit history to open a checking account at your local bank in fact you may have one already checking account wont necessarily help you build credit history with the bureau's that count me help you get your first credit card or loan from the same provider if you already have a history of doing good business with bank i know you and value their business that existing relationship and white when it comes time to get your first line of credit another idea is that one or more utilities in real name what companies are
required to report on time payments to credit bureau some do and so may be willing if you contact them and ask them to report your payment history on your behalf an electric heater 100 water service account good standing what is there was a credit score can be helpful for first time borrowers a responsible person who pays the bills on time keep in mind of the reverse is also true utility doesn report on positive payments if a bill becomes overdue and go to conscience is a good chance of getting credit report as a negative these are some good first steps what is that you are a few other things to consider some banks offer credit card for  a 1st and even with builder credit it's called a secured credit card you secure the amount you borrow with a security deposit another word for you provide lateral something the lender gets to keep should you default on a loan by depositing money in account with the bank credit line is equal to the amount you deposit money or use it to pay off your balance and you're still have to prove to the bank you have sufficient income to pay the creditcard the good news is that the bank will be more card that you're paying back in without regrets allow you to build or rebuild your credit card to build your credit you wanna make sure that once actors your lender will report all those on time payments to the bureau's before you apply most banks and credit unions do this but some retail store cards example don't let the payment history is reported shopping for a card also don't apply for a bunch of different card if its striking out all those hard enquiries and decline i'm going to help people the score keep in mind secured card is different from a prepaid card a prepaid card allows you to load a card with cash amount of time to spend later prepaid cards are great for people who need a visa or mastercard to make a purchase and gift idea but they won't help you establish credit another way to build credit if there is someone who might be willing to cosign a loan with you for example your parents house  prepaid cards are great for people who need a visa or mastercard gift idea but they won't help you establish credit other way to build credit if i see if there is someone who might be willing to cosign a loan with you for example your parents house when someone cosign a loan you get the benefit of a good credit history and its may help you get through you can then build your own credit the history of good payment on the cosine account now is taking on a really big financial responsibility going on a hug for the dead if you run into trouble so it's not something you should ask or lightly when you do a credit extended it important to keep managing it carefully you doing the right thing by getting off on the right foot now make sure you keep those good had the rest of your credit life videos hear that will give you a straightener when it comes to building out a long positive credit history and i will eventually results in a really good credit score​