What's the best way to start off getting credit?

I got my first credit card at Lazarus-now Macy's. I know they used to be very easy to get, I'm not sure about now.

Probably the easiest way he could establish credit would be with a "Secured" credit card. I would check with your bank first to see if they offer these. What you do is you deposit the money into a savings account. The amount you deposit is your credit limit. The money in the savings account works as collateral for the card. You still need to make payments as usual on the card-It's not a debit card. It will, however, be reported as a normal credit card. No one knows it is a secured card but you and the bank. It's a great way to start out. Eventually he can get unsecured credit. It just takes some time.

He should pay close attention to the fees and interest charged by the card issuers. Shop around for the best rates that he can get. :)

I wonder there must be some errors in the credit report otherwise why it is coming blank. You have to contest the credit report by contacting the appropriate company in writing and send it return receipt requested. The credit report will be checked and updated with correct entries.

Jessi is right. The best thing for an individual with no credit history is to begin with a secured credit card from a reputed bank. Slowly, the credit history will start developing with good and timely payments. You will also be interested in reading some other tips for credit repair in this link.

http://www.debtconsolidationcare.com/forums/credit-check.html

How To Establish Credit

A positive credit history is an asset, not only when you apply for a credit card, but also when you apply for a job or insurance, or when you want to finance a car or a home. Here are three major ways to start establishing a credit record for yourself:

Consider applying for a credit card issued by a local store and use it responsibly. Ask if they report to a credit bureau. If they do, and if you pay your bills on time, you'll establish a good credit history.


Consider a secured credit card. It requires that you open and maintain a bank account or other asset account at a financial institution as security for your line of credit. Your credit line will be a percentage of your deposit, typically from 50 to 100 percent. Application and processing fees are not uncommon for secured credit cards. In addition, secured credit cards usually carry higher interest rates than traditional non-secured cards.


Consider asking someone with an established credit history - perhaps a relative - to co-sign the account if you do not qualify for credit on your own. The co-signer promises (guarantees) to pay your debts if you do not. You will want to repay any debt promptly so you can build a positive credit history and apply for credit in the future on your own.
If you are turned down for a card, ask why. It may be that you have not been at your current address or job long enough, or your income may not meet the issuer's criteria. Different credit card companies have different standards. However, if several companies turn you down, it may indicate that you are not ready for a credit card.