building up credit history
#1
building up credit history
Hi;
Simple question really to new U.S immgrants, what did you do to build your credit history?
I was looking at BoA secured credit card but that requires a minimum $300 deposit.
Unsecured credit cards won't apply to me because I am still awaiting for SSN.
$50/$60 a month phone plans also don't apply because I am still awaiting my EAD to work.
So I guess my ONLY option would be to ask hubby to apply for both credit card and phone plans and we can build credit history together.
No rent - we live with his mom (for now until we can afford a place of our own)
No car loan - he has a car but is only paying for car insurance.
We have a joint savings account, does this count towards your credit history?
Simple question really to new U.S immgrants, what did you do to build your credit history?
I was looking at BoA secured credit card but that requires a minimum $300 deposit.
Unsecured credit cards won't apply to me because I am still awaiting for SSN.
$50/$60 a month phone plans also don't apply because I am still awaiting my EAD to work.
So I guess my ONLY option would be to ask hubby to apply for both credit card and phone plans and we can build credit history together.
No rent - we live with his mom (for now until we can afford a place of our own)
No car loan - he has a car but is only paying for car insurance.
We have a joint savings account, does this count towards your credit history?
#2
Re: building up credit history
Look at this article about establishing credit in the USA:
http://www.kamya.com/intro/miscstoriescred.html
http://www.kamya.com/intro/miscstoriescred.html
#3
Re: building up credit history
Look at this article about establishing credit in the USA:
http://www.kamya.com/intro/miscstoriescred.html
http://www.kamya.com/intro/miscstoriescred.html
It was a good read!
thank you
#4
Re: building up credit history
I got a contract with tmobile using my passport number - but you have to find someone who knows what they are talking about to get it in the first place!!! However this isnt going to establish you any credit - ive been paying phonebill and have gas and leccy in my name for a year and have zero credit. Am saving the 300 for the BoA card - is taking longer than I thought!!!!
#5
Re: building up credit history
Bear in mind that the experiences go back a few years, esp WRT the immi info.
#7
Joined: Jan 2008
Posts: 7,605
Re: building up credit history
Also, creditboards.com is worth a look, especially for advice on correcting errors.
I've had a credit history in the USA for all of 2 months, and all three bureaus' reports are already riddled with errors...
I've had a credit history in the USA for all of 2 months, and all three bureaus' reports are already riddled with errors...
#8
Re: building up credit history
I also feel the need to add, that if you can't afford to save up $300 in the next few months, perhaps you should reconsider having a credit card at all.
#9
Re: building up credit history
i read that store cards (not store credit cards) and gasoline charge cards also help.