How can you establish credit if you've never had a credit card or loans?
July 18, 2014 3:21 PM Subscribe
I've never been in debt, I've never had a credit card, I have money in a bank account, but today I went to look up my credit report and there was nothing in it. I'm not planning on making any big purchases in the next two years, but I'm sure eventually I'll want to buy a house or a car. How can I build up my credit, given that many places won't give me a credit card due to the fact I have no credit score?
posted by Archibald Edmund Binns to Work & Money (20 answers total) 8 users marked this as a favorite
I went to my bank, and though I had a decent amount of money in the bank, have direct deposited my paychecks for three years, and have never had an issue with them, the woman I spoke to said they would likely deny my application because I have no credit history. Most of the no-credit-score cards out there seem predatory-ish and I'm nervous about them. What should I do?