Establishing New Credit with a Credit Card

While the task of establishing credit can seem daunting while sitting at square one, there are a few things you can do to begin the process of establishing credit in your name.

Here are some tips for establishing credit:

1. Start by putting utilities in your name.
2. Open a checking and savings account with a financial institution and keep them in good standing. This will encourage your financial institution to consider you as a credit card applicant.
3. Pay your bills on time and keep overall debt low.
4. If you choose to open department store credit cards, use them to establish credit only. Purchase one item per month and pay the entire balance off monthly.