How to Build Credit History

Having a short credit history is not helpful when you need to apply for a loan or take a mortgage. Some people have no credit card at all, and then no history when they need it or asked about that. It takes about three to six months from the time you start using a credit card for the first time to see any kind of activity being reported on your credit reports. Your credit score is better off when it’s at least five years long.If you just got a new credit card, start by making small purchases that you can easily pay off in the end of the month.

Continue to original source.

By clicking submit, I authorize Wallet Monkeys and its affiliated companies to: (1) use, sell, and share my information for marketing purposes, including cross-context behavioral advertising, as described in our Terms of Service and Privacy Policy, (2) supplement the information that I provide with additional information lawfully obtained from other sources, like demographic data from public sources, interests inferred from web page views, or other data relevant to what might interest me, like past purchase or location data, (3) contact me or enable others to contact me by email with offers for goods and services from any category at the email address provided, and (4) retain my information while I am engaging with marketing messages that I receive and for a reasonable amount of time thereafter. I understand I can opt out at any time through an email that I receive, or by clicking here.