Buying A Home? No Credit, This Is What You Need To Do.

So, you are new to the credit game. People are just starting to lend you money. Here's what you need to know.

Building credit can be tricky. If you don’t have a credit history, it’s hard to get a loan, a credit card or even an apartment.

But how are you supposed to show a history of responsible repayment if no one will give you credit in the first place?

Several tools can help you establish a credit history:

If your aim is to get a credit card, you could start with a secured credit card or co-signed card, or ask to be an authorized user on another person’s card.

If you want to build credit without a credit card, you might try a credit-builder loan, secured loan or co-signed loan. There are also ways to use rent, phone and utility payments to build credit. Some of these ways are free, others carry a fee.

Here's a look at credit-building tools, and how to use them to earn a good credit score.

1. Get a secured card

2. Get a credit-builder product or a secured loan

3. Use a co-signer

4. Become an authorized user

5. Get credit for the bills you pay

6. Practice good credit habits

7. Check your credit scores and reports

For a personalized plan, contact me today, and I can connect you with my preferred mortgage advisor.