/biz/ - Business & Finance

Here is some actual advice. In two years I went from 500 to 760 doing this with charge offs from when I was in college.

>>24600258
>>24600533
>build credit and stuff
You need to diversify to establish credit. You need multiple types of profiles to lower risk, not just a laptop loan.
Type one: Installment/Auto/Student Loan
I hate car/student loans so first, get a savings secured loan with NavyFed or another credit union. Get a ~1000 loan for the longest amount of time. Pay 920 back towards the loan so you are under 8.5% utilization. Pay 2 or so dollars a month until you pay it off and repeat until you get a car loan or restart this process. Always keep what you owe left on installments under 9.7-8.5% of the original.
Type Two. Credit cards. I have 10+ and only carry a balance of like $25 on one a month.
1st apply for an unsecured capital one or discover secured card. If you get denied, get a capital one secured card. do the same thing as above. Always report under 9.7-8.5% utilization. No exceptions if you wan't your score to be as high as possible. After it graduates to unsecured. Apply for a Navyfed or whatever card you want that is a starter card. After several months/a year or two apply for whatever you want. (AMEX/CHASE/BOFA etc will probably deny you for a few years unless you are military 650+ fico 8 or have 715+ as someone with a new profile). From there on, slowly accumulate cards as you need them for rewards and build your credit score. Credit is a long game.
Also, if you pay for netflix and have bills, sign up for experian boost and connect your payment to it, its worth it if it works.
Also assume banks only look at fico 8. NOT fico 9 or Vantage Score.
Good luck dude.