How To Build Credit from Scratch

It seems like a Catch-22. How can you start building your credit if you don’t have any credit to start with?

Well the truth is most banks will give college students and young adults a credit card with a very low credit limit. Then, if payments are made on time for the first few months, the bank will raise your credit limit and then you will be well on your way to building credit.

This helps you build your credit history which then helps to raise your credit score which then helps to lower the interest rate you will be charged on other loans you might get.

Click on the image below of the video to learn how to build your credit from scratch.

A short Pop Quiz follows below the video.

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