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How To Build Or Rebuild Credit: Your Best Guide

Are you looking to rebuild your credit after a few money missteps or trying to build one for the time? Whichever divide you are on, this article is all you need to get it done simply and efficiently. You indeed need credit to have a credit score. However, you need a good credit score to get approved for loans and credit cards.

In this guide, we will explore how to build or rebuild credit to give you a good credit score. We shall consider the following:

  • How to build credit from scratch
  • Ways you can build credit responsibly.
  • How long does it take to rebuild credit

All and more will be explained to you in this guide.

How To Build Credit From Scratch For The Best Credit Score

If you are new to credit, here are a few things you can do to launch right in and get started.

Go open a credit account.

Your step in building credit is to open a credit account. You can decide to start with a secured credit card or a credit builder loan. When you apply for credit for the first time, the lender will order a credit report. This first inquiry will establish your credit report.

  • Ensure you pay your bills on time

It is important you pay your bills on time, and it includes everything from credit cards and loans to rents, utilities, and cell phone plans. Some accounts which are generally not reported to a credit bureau can hurt your credit score if they are referred to a collection agency.

  • Monitor your credit

Build the habit of checking your credit report regularly. You should critically analyze it for inadequate information and ensure you to dispute any wrong information with the credit reporting agency.

You also have to understand that credit scoring company FICO requires that you have at least six months of credit history before they can calculate your credit score.

How To Build Credit Responsibly

We have discussed how you can build wealth from scratch. Now let’s consider some more specific tools that you can leverage to build it. To build credit, you will have to first apply for your first credit account.

For most people, their first credit application is for a credit card. However, if you don’t have any credit history, there is every chance that you will not qualify for one of the major credit card issuers like Visa or MasterCard. Well, there are other ways for you to build a credit history without using a credit card.

Here, you have different alternatives to traditional and unsecured credit cards.

  • Store card

The retail store cards approve applicants without credit. It is easier for you to get accepted for a card that can only be used at one store or group of stores, than a card that can be used anywhere. To get started, inquire from your favorite retailer about the options that they have.

  • Secured credit card

It requires a security deposit and gives you a line of credit that is equivalent to your deposit. When you default on paying your bill, the issuer can take the money you owe from your deposit.

You must be able to demonstrate your ability to handle your card responsibly before the issuer can allow you to have a higher credit line than your deposit.

  • Credit builder loans

If you want to understand how to build credit, credit builder loans are a great option. Like the secured credit card, most of the lenders that offer credit builder loans collect a deposit and then give you a credit limit equal to the amount you have deposited.

Your deposited money goes into a savings account that will not be accessible to you until you have completely repaid the loan. You have to honor the loan agreement so the lender can send a favorable report to credit bureaus. The loans are available at a local credit union, or you can assess it through the self.

  • Certificate of deposit insured loan

A certificate of Deposit (CD) is akin to a savings account; the only difference is that For CD, you agree to let the bank hold onto your money for a period of time. In return, the bank pays you a higher interest rate than it would on a savings account.

The Length Of Time Required To Rebuild Your Credit

Although it is tougher to rebuild a damaged credit score than to build from scratch, it is doable. It will help if you start by checking your credit report to identify the areas that need improvement.

It doesn’t matter if you are new to credit or have been around for years; it takes time to rebuild a credit. So, it would help if you were very responsible for the use of your credit cards.


You have seen the outlined approach we have highlighted for you to follow. Be keen to follow these guides, and your worries about building or rebuilding credit will be over.

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This article was brought to you by TFC Title Loans, we try to bring to you the most informative information. If you are interested in getting a title loan local to you, we are able to help you with our large referral network.

We will help you to get the most money by using the equity that you have in your vehicle, the application is fast and we can provide you with same-day funding.

All of our referral partners are in compliance with the CFPB. We will help you to get the money that you need but from a trusted and reliable title lender.



DISCLAIMER: As our policy to make sure you know what we do and what are our limitations, we offer you these disclaimers. We are NOT A LENDER and we do not make short term cash loans or credit decisions. We are a referral service and work only with licensed lenders/brokers.

We may act as the broker for the loan and may not be the direct lender. Loan proceeds are intended primarily for personal, family and household purposes. We do not offer or service student loans.

*Loan amounts by the lenders vary based on your vehicle and your ability to repay the loan.

*Since we do not lend money directly we cannot offer you a solicitation for a loan, except in the state of California. In all other serviced states we WILL match you with a lender based on the information you provide on this website. We will not charge you for this service and our service is not available in all states. States that are serviced by this Web Site may change from time to time and without notice. Personal Unsecured Loans and Auto Title Loans are not available in all states and all areas.

*Auto Title Loan companies typically do not have pre-payment penalties, but we cannot guarantee that every lender meets this standard. Small Business Loans typically do have pre-payment penalties and occasionally will use your car as collateral to secure the loan.

*All lenders are responsible for their own interest rates and payment terms. TFC Title Loans has no control over these rates or payments. Use of the work competitive or reasonable does not mean affordable and borrowers should use their own discretion when working directly with the lender.

*The amount of people who applied for a loan and we helped and those who received a loan is not the same. We cannot guarantee we will find a lender who will fund you.Just because you give us information on this web site, in no way do we guarantee you will be approved for a car title loan or any other type of loan. Not all lenders can provide loan amounts you may see on this web site because loan amounts are limited by state law and/or the lender. Some lenders may require you to use a GPS locator device on your car, active all the time. They may or may not pay for this or charge you for this. This is up to the lender and we have no control over this policy of the lender. Typically larger loans or higher risk loans use a GPS.

*In some circumstances faxing may be required. Use of your cell phone to receive updates is optional.

*Car Title Loans are expensive and you may have other ways to get funding that is less expensive. These types of loans are meant to provide you with short term financing to solve immediate cash needs and should not be considered a long term solution. Residents of some states may not be eligible for a loan. Rejections for loans are not disclosed to our firm and you may want to contact the lender directly.

*Car Title Loan lenders are usually licensed by the State in which you reside. You should consult directly with these regulatory agencies to make sure your lender is licensed and in compliance. These agencies are there to protect you and we advise making sure any lender you receive money from is fully licensed.

*Trading Financial Credit, LLC dba TFC Title Loans, Car Title Loans California, Dineromax. If you are using a screen reader and are having problems using this website, please give us a call at 1-844-242-3543 for immediate assistance.

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