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How to build your credit 

How to build sIcredit using ITIN or SSN


Several tools can help you establish a credit history:

  • If your goal is to get a credit card, you can start with a secured credit card or co-signed card, or ask to be an authorized user on someone else's card.

  • If you want to build credit without a credit card, you can try a credit builder loan, secured loan, or co-signed loan. There are also ways to use rent, phone, and utility payments to build credit. Some of these ways are free, others carry a fee.

Here are some ways to build credit and how to use them to earn one.good score

1. Get a secure card

2. Get a credit building product or secured loan

3. Use a co-signer

4. Become an Authorized User

5. Get credit for the bills you pay

6. Practice good credit habits

7. Check your credit scores and reports

Get a credit card 

If you're building your credit score from scratch, you'll likely need to start with asecure credit card. A secure card is backed by a cash deposit you make in advance; the deposit amount is usually the same as your credit limit. The minimum and maximum amount you can deposit varies by card. Many cards require a minimum deposit of $200. 

You'll use the card like any other credit card: buy things, make a payment on or before your due date, incur interest if you don't pay your balance in full. You will get your deposit back when you close the account.

Secured credit cards are not meant to be used forever. The purpose of a secured card is to build your credit enough to qualify for an unsecured card - a no deposit card with better benefits. Choose a secure card with a low annual fee and make sure it reports payment details to all three credit bureaus, Equifax, Experian and TransUnion. Your credit score is built using information gathered from your credit reports; Cards that report to all three agencies allow you to build a more comprehensive credit history.


Practice these good credit habits to build your score. The percentages that affect yourpunctuation they are:

  • 1. Payment history (35%) refers to payments you've made on credit cards and loans in the past. Your credit score will take into account the speed and amount of repayment on all the lines of credit you've taken out in the past to find the average.

  • 2. Amount Due (30%) The amount of your debt accounts for a large component of calculating your score. For example, does your credit card remain maxed out or are you constantly paying?

  • 3. Length of credit history (15%) The credit score will also take into account how long you've been building credit. If you start building credit responsibly when you're a student, it will reflect positively on your credit score. The sooner you start building your credit, the better.

  • 4. New credit (10%) Opening many new accounts in a short period of time suggests that you need additional forms of credit to shop. Using a few sources of credit wisely is better than having a large number that you can't handle or are unnecessary.

  • 5. Types of credit in use (10%) The different types of credit you have will be factored into your score, such as credit cards, loans, and store cards. Having different forms of credit and using them responsibly can be beneficial in demonstrating how you manage your money in different areas.

Check your credit scores and reports

A credit report is a record of how you've used credit in the past. Your credit scores predict how you will handle credit in the future, using the information on your credit reports. You'll want to monitor both to watch for mistakes and to see your credit-building efforts pay off.

Request your credit reports and check each one for errors and discrepancies. Until December 2023, you can check your reports for free on a weekly basisusing Dispute any credit report errors you find that could be lowering your scores.

See how scores are considered: 

For information on cards that accept the ITIN betweenhere.

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