Length: 3:18 Description: Video talks about different methods to build credit: Secured cards, credit cards and co-signers.
"Credit is an amount of money a creditor is willing to loan you to purchase goods and services, based the expectation that the money will be repaid as promised with interest." - Definition from Glossary.
Ways to build credit when you don't have a credit history:
* = check glossary for definition.
The best way to build good credit history is knowing the dos and don'ts of credit. By educating yourself on how credit scores work, you save yourself a lot of headaches and mistakes. Lucky for you there is another tab that breaks down credit scores and how they are calculated. Check out the Understanding Credit Scores tab!
Now on to the advice:
Go to the Visualizing Your Credit Score tab for more credit monitoring websites.
* = check glossary for definition