Managing without a credit history
Advertising Disclosure is an independent, advertising-supported web site. receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » Research » Guides » Building Credit History » Managing without a credit history

Managing without a credit history

Add to Favorites:

When it comes to credit history, there are a number of things that you might want to take care of to ensure that you don`t end up with problems in the future. But, for people with no credit history, it is quite a different story altogether. Without any credit history to show how good they are, it is quite difficult to establish their creditworthiness and be able to show that they are in fact reliable people that can be counted upon. After all, banks can`t afford to take such risks and might end up thinking twice before signing them up.

Approaching the right banks

In order to alleviate this problem, it might be advisable to go and get the right kind of banks in order to apply for credit cards and loans and other such things. There a number of banks that provides regular credit card services to those in need of it. Hence, as long as you can pay the bills on time, you shouldn`t have any problems getting hold of a credit card to use for daily expenses. These banks will use other sources of information in order to gauge your creditworthiness. You might even have to give in some deposit, to counter for the problem of no credit history.

Getting add-on cards

If you have close friends or relatives living here that have credit history to offer, you could probably tag along with them and end up getting the add-on cards that can be made use of just like a regular credit card. In fact, the problem of no credit history shouldn`t come in the way of these things and you should find it relatively simple to get these cards without much of a problem. So, while you are building your credit history, you can make use of these cards and ensure that you don`t have to pay a lot of money in the process.

Hence, it is possible to survive with no credit history. However, it might be recommended to perhaps try and build your credit history as soon as possible. It goes without saying that having decent credit history can be extremely beneficial and perhaps help in ensuring that you don`t simply pay extra because your creditworthiness cannot be established. Even if it takes times, the advantages the come with good credit history are far superior to that of not having it at all. Hence, this alone justifies the need to go in for it.

Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

How to Get Free Wi-Fi in the Air

By Herbert Moore, Posted: September 28, 2016

Sometimes in-flight Wi-Fi is the bare necessity when you travel abroad or within the country. However not all airlines offer free in-flight Wi-Fi. There is only a couple of airlines that will allow you to use Wi-Fi ... Continue reading

Amazon Credit Cards Review

By Allison Martin, Posted: May 30, 2016

When was launched 20 years ago, few could have envisioned how far the company would come. What was once an online specialty bookstore is now an Internet juggernaut that sells nearly anything and has made major inroads into ... Continue reading

How Much Do Shell Cards Really Save on Gas?

By Allison Martin, Posted: April 20, 2016

There is an endless amount of gas cards on the market, and practically every major gas station, including Shell, has options to choose from. In fact, Shell offers two options for gas cards for consumers. Continue reading