Getting Financial Security without Credit History


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. receives compensation from most 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 » Getting Financial Security without Credit History

Getting Financial Security without Credit History

The content is accurate at the time of publication and is subject to change.
For people that come here from foreign shores, a common problem that they have to face is to provide their creditworthiness without the help of credit history. Due to the problem of no credit history, people tend to face quite a lot of hardships even while doing certain simple things. Hence, it is recommended that you be aware of the different measures that you can adopt in order to not have the problems concerned with a lack of credit history. Many of these measures are quite simple to follow as well, which means that you can implement them without really having to work too hard at doing so. Getting a social security number The first thing to do upon arriving here would be to get a social security number. There are a ton of reasons for doing so, but for the moment, you should get this number in order to build a credit history. In this manner, you can be rest assured that you will be able to start building credit history right away by making use of this particular number in order to open bank accounts and obtain credit cards. All of these actions cumulatively count towards getting you a good credit score. Getting more credit cards If you have a stable source of income, it would be highly advisable to get credit cards right away. Since you have no credit history, you might find it tough initially and might even have to get it after paying a certain amount of money as deposit. However, you need to remember that this card comes very handy in building your credit history. This is all the more applicable when you pay the debt back regularly and don`t let it accumulate to a large amount. Building history over time As time passes, you will be able to build a very good credit history. Hence, you might have to be perseverant and work towards building a good history. Imbibing good financial practices and not ending up in debt unnecessarily are all highly recommended things to do in order to be sure of financial security even with no credit history. Although it takes time, you can easily get to a good credit score if you don`t commit too many mistakes financially. This is an important aspect to keep in mind and not simply forget about in the long run. When you follow the rules and are responsible with your financial matters, it is quite unlikely that you are going to have any problem as such to deal with. In fact, people tend to have a lot of issues with credit scores and reports when they are lax with their money and don`t take good care of it. If you are a little sincere and actually work towards a good credit score, it is quite unlikely that you will ever be worried about the problem of no credit history. Just bear in mind that being patient while your score is being built can help quite a bit in the long run. You wouldn`t have to be as worried about getting approved for loans and things like that.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

Autumn 2018: Best Rewards Credit Cards for Thanksgiving Shopping

Autumn 2018: Best Rewards Credit Cards for Thanksgiving Shopping

Posted: November 8, 2018

Thanksgiving is coming, and whether you are hosting a meal or coming as a guest, your spendings are going to accumulate faster than you can notice. A holiday feast is a costly matter – each year Americans spend around $50 on a Thanksgiving ... Continue reading
The Best Credit Card for Earning Cash: Discover it® Cash Back

The Best Credit Card for Earning Cash: Discover it® Cash Back

Posted: November 2, 2018

You’ll have hundreds of dollars in your pocket in no time because you’ll earn money back on every purchase you make with this card. There are no restrictions on the amount of cash back you can get, and Discover even matches every penny you ... Continue reading
Top 5 Cards for Travel from Our Partners: Autumn 2018 – Expert’s Choice

Top 5 Cards for Travel from Our Partners: Autumn 2018 – Expert’s Choice

Posted: October 10, 2018

Nights are drawing out, the wind is colder every day and you already feel the lightest breath of winter on your face - autumn is here. Holidays are over, kids are back to school and all you are left with are hefty holiday bills that you ... Continue reading
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!