![]() Īny late payments will be in your credit report for 7 years and will likely dip your credit score. ![]() Your payment history makes up for 35% of credit score. For example, if you deposit $300, you will receive a credit limit of $300. Secured cards require an upfront deposit, which can then be used as credit. If authorized cards aren’t an option for you, secured credit cards are fairly easy to get approved for and still help build your credit just like traditional credit cards. Just make sure that the primary user is on good standing, meaning they don’t take on too much debt or frequently miss payments. That way you can piggyback off of their credit card activity to build your credit quicker.Įven if you don’t use the card, the account will help boost your credit score. If your friend or family has a credit card, they can add you as an authorized user. That’s why becoming an authorized user is a great way to kickstart your credit journey. When you don’t have any credit history, it can be hard to get approved for a credit card on your own. ![]() Here is how to build your credit once you turn 18. The process of building credit is slow, so adults as young as 18 should consider starting immediately. While you may not be thinking of buying a house just yet, a good credit score can help with other things, such as lower interest car loans, credit cards, and sometimes even being approved for an apartment.īut how do you build your credit when you’re only 18? A good credit score can help unlock many financial opportunities down the road. ![]()
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