Ways of building your credit score if you are new in the US
Building a US credit history is important for somebody who is planning to move or start a new life in the US .in America, 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 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 in your home country to the US. The better since you can use this credit score to get you a credit. Check here nova .com for more information on credit transfer options.
Apply for a 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. Make sure that the issuers of the card that you choose have at least one of the three major Us credit bureaus, like Equifax, or Transunion Don't use plagiarised sources.Get your custom essay just from $11/page
Have a good relationship with the bank or the issuers of credit card
Open a savings account can help you get a loan or a credit card. Building a relationship will help you to have and signal an excellent financial stability. Before you decide on which bank or credit union to use, consider some priorities like having accessible ATMs, having good and affordable monthly and annual payments, and it should have good customer service. 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 report your on-time rent payment to credit bureaus. It’s one of the valued information to your credit report that can help you establish good credit scores. Having good US credit scores will help you qualify for better financial deals.so the sooner you begin reporting your financial moves to the credit bureaus, the easier you will be building your credit score.
Get a credit card that has a co-signer
The easiest way to get a credit product is to find a person who has already established good US credit as part of your credit application. 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 creditworthiness
Knowing that your credit history is reflecting in the US credit bureaus. Make payments for your bill in 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. Once you are in the US credit cards history for a month and you have reported good credit history, you can be eligible for a credit card that does not require a security deposit
Conclusion.
For you to build a credit in the US, use the above ways, or you can check here nova credit .com for more credit options in us.