How to build credit at 18?

Home Questions Credit Building How to build credit at 18?

  • This topic is empty.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #990
    KikoffKikoff
    Keymaster
    #996
    KikoffKikoff
    Keymaster

    Learn the basics of credit

    Figuring out the terms you need to know is the first thing you should do. Getting familiar with the information on your credit reports that makes up your credit scores will make everything else a bit easier to understand. The Consumer Financial Protection Bureau provides information on key terms in credit scores and credit reports.

    Get approved for a credit card

    Getting and using a credit card is maybe the most straightforward way to start building credit. For young people, often without any credit history, a standard credit card might be hard to get approved for. Alternative paths to credit include becoming an authorized user on a parent’s credit card, getting a starter credit card, or applying for a student credit card.

    Make payments on time

    Whatever credit card you end up with, your payment history will be the biggest factor in your credit score, so paying your credit card bills at the end of each month is critical. Thinking of your credit card as a debit card can make this easier. Essentially, if you use this strategy, you’ll only use your credit card to buy things you can cover right away with the money in your checking account.

Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
The information provided in this blog post is meant for informational purposes only and does not constitute financial advice. Kikoff Inc. is a financial technology company and not a bank. The Kikoff Secured Credit Card is issued by Coastal Community Bank, Member FDIC. Terms and conditions apply & individual results may vary. Make consistent on-time payments to maximize credit building potential.  Credit factors outside Kikoff, like other account balances or delinquencies, can have an impact on credit building progress.  Subject to approval via identity verifications and subject to terms and conditions. Kikoff Credit Account reported line of credit intended exclusively for credit building purposes & can be used to finance the purchase of monthly Credit Service plans and/or digital educational material via the Kikoff Store. For more information, visit our Terms and Conditions and Privacy Policy. We report to the major credit bureaus: Equifax, Experian, and TransUnion. Features, tradelines, bureau reporting, & pricing may vary depending on plan purchased. This post may contain marketing messages and advertisements in compliance with the CAN-SPAM Act. Please refer to our Secured Card and Credit Account Terms for detailed product disclaimers.

Latest questions

Home Questions Credit Building Topics

Viewing 15 topics - 1 through 15 (of 45 total)
Viewing 15 topics - 1 through 15 (of 45 total)