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Contents

  • Understanding Credit Basics
    • Why is Credit Important?
    • Steps to Build Credit
      • 1. Open a Bank Account
        • 2. Secured Credit Cards
          • Using Your Secured Card Responsibly
          • 3. Become an Authorized User
            • 4. Credit-Builder Loans
            • Alternative Credit-Building Methods
              • Rent Reporting Services
              • Best Practices for Maintaining Good Credit
                • Do:
                  • Don't:
                  • Monitor Your Progress

                    How to Start Building Your Credit from Scratch

                    contributorcontributorcontributor
                    2.4 minute read
                    FinancePersonal DevelopmentEducationBusinessBankingInvestment
                    A young adult holding a credit card and a financial planner, symbolizing the beginning steps of building credit.
                    Published January 19, 2025
                    Last Updated May 30, 2025
                    contributorcontributorcontributor
                    2.4 minute read

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