18 years old, NO CREDIT, need to build credit.... where to begin?

I just recently turned 18 years old. I%26#039;m looking to start building my credit.. I had decided to get one credit card with decent rates and keep it paid for a while, and eventually build it up like that. I must eventually get an auto loan, however that%26#039;s not an issue at the moment.

My problem is, I cannot be approved for ANY cards I am applying for, even from Capital One of all places (which was my last resort). I have NOTHING on my credit history whatsoever at this point.

I am employed, and have been for a little over 6 months.

I was going to start off with a department store credit card, however they all appear to require a driver%26#039;s license, which I don%26#039;t have.

Any suggestions, other than %26quot;don%26#039;t get one%26quot;?

18 years old, NO CREDIT, need to build credit.... where to begin?

Several ways to start building credit. have an open bank account, cell phone in your name, or utilities. Also if you do have a bank you can ask them if they offer a secured credit card. Thats where you open an account and deposit a certain amount of money, and your credit line will be determined on the amount you deposit.They will hold this amount in the account untill you have proven a payment history.

18 years old, NO CREDIT, need to build credit.... where to begin?

get a driver%26#039;s license

it is a credit tracking tool to make sure you pay

then get the department store card - and ONLY

charge what you can pay off by the due date

-then get ZERO interest

like my Citibank card - 21% - and they have yet to get a dime of interest

have a great 2008

18 years old, NO CREDIT, need to build credit.... where to begin?

If you%26#039;ve not already done so, open a checking or savings account too.

18 years old, NO CREDIT, need to build credit.... where to begin?

you can try get a secured credit card from a bank. i know wells fargo offers one. i think you need to pay some deposit to get one. but when your credit is good enough, they%26#039;ll return you the deposit.

18 years old, NO CREDIT, need to build credit.... where to begin?

It is important to build credit in American society starting at a very young age. The reason that it is increasingly important to build credit is because of the standard developmental stages American adolescents and young adults go through. After leaving home, a majority of American children go on to college. In order to be able to afford the expensive items (like textbooks) and the fun activities (like Spring break trips), it is sometimes%26lt;!--necessary to rely on credit. You want to build credit which reflects your credibility as a borrower. In order to build credit of this kind, you will want to follow a few simple rules. The first is to make sure that you pay off the balance of each credit card in full at the end of each month.

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If you build credit early, it will be there to access during your starving college years, when you may need it most. After college almost always comes a car, a family and a house, all of which bring their own financial obligations and each of which requires that you increasingly build credit which reflects your stages of growth.Other keys to build--%26gt; credit are to always make payment early or on time, to make sure to always stay within your given credit limit, and to avoid applying for numerous credit cards. Regular monitoring of your credit report is also important because, once you build credit, you don閳ユ獩 want it destroyed by computer errors or, worse yet, identity theft.

18 years old, NO CREDIT, need to build credit.... where to begin?

when getting a credit card to build credit your first card will have high interest and annual fees plus you will not get approved by the bigger credit card companies because they are not willing to take the risk. but there are other companies that will help you get started my suggestion is get one of this credit cards and once you have stablish credit for about 6-9 months apply for a better credit card and drop the first one you got, check out www.fastcreditcardapprovals.com and go under poor or no credit they will give you different choices, good luck