Although getting a totally free credit rating report is welcome, the results you get might not be.
If it shows you have little or no credit, it may be because not all credit accounts get reported.
For instance, credit accounts at a local department store or credit union might not show up. But
if you take some simple steps, you can establish or increase your credit. And the results can
soon show up on your next totally free credit rating.
Local stores usually have the easiest credit requirements and can be the fastest way to
having a good totally free credit rating. Open an account at one or two stores which report to
the major credit bureaus. But don't apply for more than a couple of accounts at one time
as creditors don't like to see this. And if you can't get a store account, an alternative is a
secured credit card. The banks offering this type of card require a deposit of a few hundred
dollars as security for any purchases you make. It also establishes the credit limit for the
card, usually 50 to 100 percent of the deposit.
Another means of bettering your totally free credit rating is to get the help of someone
with established credit. If a friend or family member with good credit will cosign for a credit
account, the creditor will likely grant the application. But it's important to remember that
the cosigner is liable for repaying the debt if you don't, so if there's a problem, both
credit reports are affected.
Whichever credit-establishing method you use, after about 12 to 18 months of paying
bills on time, you should be able to get an unsecured major credit card. If your application
is turned down, you have the right to know the specific reason why. And after you're
approved for a credit card, then look for a different type of credit, such as a auto loan. In
time any totally free credit rating you get will look great.
To get your totally free credit rating, free credit report and free 30 days of credit
monitoring, please go to
free instant credit reports.
