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.
