How do i start building my credit at age 17?

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  • How do i start building my credit at age 17?


Answer #1 | 19/12 2013 19:47
The easiest way is to get a credit card. Many companies offer low credit limit cards designed for college students, such as this one: More importantly, don't just build credit. Build good credit. Pay the card off in full every month, and never charge more than half your limit.
Positive: 54 %
Answer #2 | 19/12 2013 19:57
You don't. This is very, very important. If you try to start building up your credit too early, then you won't be able to build your credit for much longer. It takes a year just to undo the damage that you do to your credit by trying too early. If you do not try to start building credit at 17, then when you either (a) are 18 and have a job, or (b) are 21, you may possibly be able to get a secured credit card and start building your credit that way. However, the longer you wait, the better your chances get. If you try when you are only 17, you will definitely be denied, and your record of trying will hurt you later, and make it harder to get credit even when you are old enough.
Positive: 48 %
Answer #3 | 19/12 2013 20:19
credit card
Positive: 28 %
Answer #4 | 19/12 2013 21:37
Your credit file does not exist until you are 18. You have an entire year left where nothing you do will have any effect on a credit file that does not exist yet. This is why you have to be 18 to get a credit card, open bank accounts in your name only and sign legally binding contracts. Enjoy your youth and worry about this when you turn 18.
Positive: 10 %
Answer #5 | 19/12 2013 21:54
get a checking account first, then later a savings account, then later buy an inexpensive car. Total time to accomplish this possibly 5 years.
Positive: 10 %
Answer #6 | 20/12 2013 10:47
You can't have credit or a credit score if you're under 18.
Positive: 10 %
Answer #7 | 19/12 2013 22:25
As of February 2010, you haveto be 21 and employed full time 12/18 months without a codigner
Positive: 10 %

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