How I Got Credit From Nothing

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Baby with Credit Card

I am not going to lie, before interning for Quizzle I knew absolutely nothing about credit. You could probably compare me to Isla Fisher’s character, Rebecca Bloomwood, in the movie Confessions of a Shopaholic. I was clueless on what a good score was, why I would ever need credit, and most of all how I would even get credit.

The Beginning
Let’s rewind, three years ago while at a department store I applied for a credit card. Poor little me, I was so naïve, I of course got denied on the spot. I had no idea what applying for a credit card implied. I had zero clue that without credit, Bloomingdales would never give a 19 year old a credit card!

A Little Help
When I went off to college, my mom decided that I was responsible enough to get a credit card…well that is half of the truth. She decided that I was responsible enough to get a credit card that she had cosigned for me. Neither of us realized that this could give me my first bit of credit.

[Free Resource: Check your free credit report and score]

On my first day at Quizzle.com, I signed up for my free credit report and score. I thought to myself that this was silly since I knew I didn’t have any credit history, but low and behold it popped up with a score that showed a trade line from the credit card my mom had co-signed for me.

Imagine my surprise. I went from a girl who thought she had zero credit, to a girl who wanted to know everything about her new score.

Today
Fast forward to today. Two weekends ago marked the annual Nordstrom’s Anniversary Sale. To shop the presale you had to have a Nordstrom’s credit card. I thought, what the heck I will apply for one, nothing like a little rejection to build one’s character! Well folks, believe it or not I was successful and can proudly say that I am the proud owner of my first very own credit card, and this is my story of how I built my credit from nothing!
Want to build credit from nothing like me? Follow these easy steps:

  1. Get a secured Credit Card
  2. Only charge what you can afford to pay off in full- Building credit means consistently demonstrating your ability to pay back any money you borrow. Your goal is to prove to creditors and lenders that you can responsibly manage debt. That’s why it’s smart to start small – Only charge purchases that you can afford to pay off in full every month.
  3. Pay on time each month- The most important thing you can do to build and maintain a good credit score is paying all of your bills and debt obligations on time every month.
  4. Avoid applying for numerous accounts- Each time you apply for a credit card or loan, your credit score takes a small hit. And there’s no point to chipping away at a credit score you’re trying to build up, especially when you haven’t yet demonstrated that you can handle just one credit card.
  5. Check your progress by >checking your credit report and score- After six months of timely credit card payments, check your status by viewing your credit report and score. Pay special attention to what’s on your credit report and any positive or negative factors listed, so you have a better idea of what you need to work on next. Also make sure to take a look at your credit score – It will help you make sense of your credit report and give you an idea of how well you’re doing.

[Free Resource: Check your free credit report and score]

To take a peek at your credit report and score for free, check out Quizzle.com. Quizzle’s the only site that will give you both for free, no strings attached, no credit card required.