If You're Like Me, A Teenager Or Young Adult, Just Getting Started In The Big Wide World, Getting Credit Can Be Tough. Most Creditors Want To See A Solid Credit History Before They Give You A Loan. They Seem To Be As Clueless As I Am As To How To Get A Credit History. After All, How Do You Get A Credit History When You Have To Have One To Get Credit? Duh!As Frustrating As It Can Be For A Young Person, There Are A Few Ways To Get Some Credit History, To At Least Give You A Little Something To Show The Bank.Co-signerThe Easiest Way To Get Started With Credit Is To Get A Parent, Grandparent, Etc. To Co-sign A Loan For You, Usually A Car Loan. However, For Some Of Us, That Is Not An Option For One Reason Or Another. Another Option You Can Consider Is A Co-signed Credit Card. Just Be Sure That You Pay Your Bills On Time, Or You'll Just Get Yourself A Bad Credit History And Be In Worse Shape Than When You Started!Secured Credit CardYou Can Also Get A Secured Credit Card. You Would Make A Deposit Of Perhaps 500 To The Issuing Bank. They Would Then Issue You A Credit Card With A 500 Limit. That Protects Them, And Will Give You A Credit History. A Word Of Warning The Leading Bank That Issues Secured Credit Cards Has A Very Bad Record With The Better Business Bureau, So Check Out The Bank First!Secured LoanYou Can Also Get A Small Secured Loan. You Deposit 1,000 With The Bank As Collateral, And They Loan You 1,000. This Is Really Pointless, Except It Does Give You A Credit History.Lastly, Once You Get Some Credit History, Keep In Mind That You May Be Able To Get A Fuel Card Or Department Store Card Before You Can Get A Credit Card. Check And See If The Fuel Dept Store Card Will Report To The Credit Agencies And Help Improve Your Credit History.One Final Tip If You're Buying A Car And Need A Car Loan, A Good Salesman Will Help You Get A Loan. That's Actually How I Got Mine Along With A Large Down Payment And A Co-signature.
