Building a credit history is essential for somebody who is planning to move or start a new life in the US. In America, a credit card is used in so many places. Some landlords will not rent you a house if you have a bad or no credit history. For you to access the basics such as a car lease, loan, an apartment rental, or mortgage, you will need a credit card. Are you moving to the US? Consider the following simple ways that will quickly get you are credit card.
Transfer Your Credit Score to the US
If you can be able to transfer your existing credit score from your home country to the US. The better since you can use this credit score to get you a credit. You can check here for more information on credit transfer options.
Get Secured Credit Account
Don’t apply for so many credit cards at once. You can go to the bank or credit union and ask for a secured credit card. For a secured credit card, security is required that is equal to the credit limit that you will be given. Make sure that the issuers of the card that you choose to report to one of the three credit bureaus regularly.
Choose Friendly Credit Card Issuers
Opening a savings account can help you get a loan or a credit card. Building a relationship will help you to have excellent financial stability. Before you decide on which bank or credit union to use, consider some things such as having accessible ATMs, excellent and affordable monthly and annual payments, good customer service, among others. Never withdraw all the cash from your checking account; this will significantly affect your US credit report.
Ensure That You Get Credit for Paying the Rent
Make sure that you pay your rent and other bills on-time. It’s one of the valued information to your credit report that can help you establish good credit scores. Having a good US credit score will help you qualify for better financial deals. So the sooner you begin reporting your commercial moves to the credit bureaus, the more comfortable you will be building your credit score.
Get a Credit Card That Has a Co-Signer
The easiest way to build a credit score is to find a person who has already had a decent US credit score. This way, you can benefit from the excellent credit history that they have created. A co-signer will agree to pay off your debt if you don’t pay the check on the co-signer options before you apply for a different credit card.
Demonstrate Your Credit Worthiness
There are various ways that you can demonstrate your creditworthiness, such as you should make payments of your bills on time. Use your credit card at least once a month to show that you can use it responsibly over a given time. Keep on checking your due dates so that you don’t miss paying the bills.
For you to build a credit in the US, use the above ways. You can also check here to learn all things related to credit score in the US.