Solving the problem of getting credit without history

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com 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. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Guides » Building Credit History » Solving the problem of getting credit without history

Solving the problem of getting credit without history

The content is accurate at the time of publication and is subject to change.
These days, a lot of people tend to have the issue of no credit history. While it used to affect new immigrants entering the country, it has now extended to some locals as well. This could be due to the problem of identity theft. However, you don`t have to be worried about this, since it is now possible to easily fix the issue of no credit history, and enjoy things like how people with credit are able to. You might need to be a little smart to go about this, and ensure that the lack of credit history doesn`t cause a lot of problems. Minimizing dependency on credit If you can afford it, the best solution might simply be to minimize your dependency on credit altogether. In this manner, you won`t have to be worried about poor credit history or rather, a lack of one. In fact, by simply sticking to what you have, it is possible to avoid a lot of the problems that are associated with credit as well. Many people think that having a good credit score is important to be successful. Well, it is possible to be quite successful even if you are a person with no credit history. Applying for prepaid credit cards If you want to enjoy the aspect of owning a credit card, but do not want to apply for a lot of money due to the lack of a credit score, it might be a sensible idea to apply for a prepaid credit card. This can probably be instantly approved while at the same time have a limit of your choosing. This will help in successfully taking care of the problem of no credit history, as well as provide you with the freedom of enjoying a credit card without having to wait for too long. Making payments on time If you are determined to establish a good credit score, it might be a good idea to eliminate the problem of no credit history, by making payments regularly and on time. In this manner, you will be able to easily establish your creditworthiness without resorting to other means in order to get better rated. Most people tend to think that this is not possible to do, but with sufficient perseverance, this is very much a possibility. By sticking to the basics and doing things in the right manner, you can be assured that you will be able to get a good credit score and not have to again worry about the problem of no credit history. Take caution, and ensure that you don`t go about this by spending money ruthlessly. In time, you should be able to eventually establish your creditworthiness and enjoy some truly good credit cards, as well as maintain your credit score with ease. Give it at least 6 months of time or so and you should be able to see some results.

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!