Ask Ms. Gail: How do I build credit safely If I don’t have any credit?

QUESTION: How do I build credit safely If I don’t have any credit?

Answer: Since we are all aware you need a credit file, you can build your credit by applying for a secured loan or a secured credit card.

You want to make sure that wherever that amount that you are applying for is something you are going to be able to pay, and you want. to pay as agreed.

You should do this soon. Sometimes around tax return time is a good time to get started. You can use that refund, possibly to put that money in to borough against that money to do a secured credit card or a secured loan.