I got my social security number 9 months ago. And everytime I want to get a Phone, Cable, Electricity they check my credit I need to pay a deposit because I dont have a Credit Report yet.
I checked on Experian and it says that I have 3 accounts in good standing but they didnt gave a Score. My question is: How long does it take to get a score?? I%26#039;ve been paying everything on time, I have two credit cards and both I%26#039;ve paid even more than the minimum. I%26#039;ve been a good credit user, but Im tired of paying deposits because I dont have a score. HELP!!!
How long does it take to get a new credit score?
Generally it takes some time.
Keep track of these 5 things and a good credit score is ensured.
1. Use the credit card only when absolutely essential. Pay your regular expenses by cash or a debit card. This will help you budget and not go overboard with credit card debt.
2. Follow repayment schedules like religion. Don%26#039;t miss out and invite late payment fees, increased APR rates and blocked reward programs.
3. Don%26#039;t stick to the monthly minimum payment. Pay the maximum you can afford and get that outstanding debt cleared as fast as possible. By just paying the monthly minimum the credit card companies reap the maximum rewards while, as a consumer you pay the maximum interest.
4. Get rid of multiple credit cards. Although this might sound difficult, but if you are struggling to repay on time and, juggling with the repayment dates is causing you to default- it%26#039;s time to think. If there is a genuine need to keep multiple credit cards, then try to automate their monthly payments. This will ensure that you don%26#039;t default unwillingly and face the negative consequences.
5. Never go out on a borrowing spree. Always watch the credit limits and try to stay below 30% of your credit limit. Maxing out on your credit card doesn%26#039;t go well with credit card companies and invites negative remarks in credit reports.
How long does it take to get a new credit score?
Generally - it takes a few years of having a credit account of a few types, and a checking account.
Keep them in good stead - you will have a good report going.
How long does it take to get a new credit score?
Only time will built your credit score. if you checked your credit report with Experian by your self, they don%26#039;t give you the score- only info on what is on your report. You just do what you do right now, pay your bills on time and in no time you will have your credit history.
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