Summary of Establishing Credit for the First Time
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Summary of Establishing Credit for the First Time
You don’t need a credit card or a loan to establish credit for the first time. What you need is a history of stability and a pattern of paying your bills on time. Once you have applied for and gotten credit, you need to nurture it over years and decades. Should your credit history take a turn for the worst—and it does for millions of us—you can rebuild it and get back to where you were.
What you have learned
- What Do You Need to Establish Credit for the First Time?
- Your First Credit Card
- Secured Credit Cards
- Getting a Personal Loan if You Have No Credit History
- Keeping Your First Credit in Good Standing