Once one or preferably all of the above have been done, you can request business credit in your company name. Your business trades then are reported to the credit bureau, creating a robust business credit report that gives lenders and suppliers quality information about your company and boosts your ability to obtain loans, increase credit lines and earn more favorable credit terms....
Another alternative is getting a personal credit card until you have trade lines established to help improve your credit profile. Before you apply for a credit card, you should have some ideas of how you plan to use it. For example, if you travel, you might be interested in frequent flyer miles or cash back for hotels and dining. Pay attention also to annual fees and purchase APRs, and the terms you will be faced with after any special promotions end.
- If I just filed for bankruptcy at the beginning of the year, when can I get another credit card to start building back my credit?
- I am looking to establish good credit so I can buy a home for my family. What kind of credit card should I start out with?
- I'm a 22-year-old female who makes about $1,000 a month. I have a credit union credit card with credit line of $500. I recently applied for a Lowe's credit card and was denied. I'm always on time with my credit card payments. What would be the reason?
- Are Discover Card credit cards any good?
- Which bank offers the best debit card?
- Is a credit score of 725 considered good?
- Why do you rate American Express credit requirements as "good credit" to secure a card? I thought to qualify for an American Express card you have to have excellent credit.
- Supposing you have a perfect credit score of 800 or better; which credit card offers the highest credit limits?