Get New Credit Now
You can’t show you are using credit wisely and making payments on time until you have payments to make!
You can’t start making new credit history without some new credit. You have to find someone who will let you borrow money to purchase things on a credit account that is reported to the CRAs (credit bureaus).
Get a Store Account
We think Easy Plum is one of the best of what’s out there for people who are rebuilding their credit. Here’s why:
- They have a good e-commerce site with more than 10,000 products. You can find things you want and things you need.
- The application process is straightforward.
- The application process is easy and fast. Instant approvals.
- The companies that offer credit at Easy Plum are reasonable. They do not charge sign up fees, a bunch of monthly fees and other add on charges.
Look around on your own. There is more than one place to start. If Easy Plum looks right, give them a look if you are looking for a place to get started or started over again. You need new credit, and you need to pay on time. This will help you rebuild your credit reputation so you can eventually get a regular card and get better rates on car loans, mortgages, and other items that are priced based on your credit score.
Get a Secured Credit Card (but only after research!)
A secured credit card can be a good way to build up credit, but don’t rush into it. Look carefully at the annual/monthly fees, the interest rate, and credit limits. Even the best of secured cards has only limited utility, and the worst of them are terrible and could cost you a lot of money.
To learn more about what to look for in a secured credit card, see our post “What About a Secured Credit Card?”