How to Build Credit from Scratch

If you don't have a credit history, chances are you'll be having difficulty securing for a home loan. Lenders see individuals with a good credit history, like a bank account or credit card, more creditworthy. In order to have a credit score, you’ll have to use credit and build a history of timely payments. There are things you can do to build credit from scratch. Basically, it is highly recommended that you open a savings or checking account and use it responsibly. Follow these steps to help set up and maintain a solid foundation.

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