9 ways to build credit without cards

Your credit cards are a big factor in your overall credit rating, but they're not the only factor. You can have good credit without the plastic.

 of 11
 of 11

VIDEO ON MSN MONEY

10Comments
Aug 17, 2013 12:50AM
avatar
This is about the worst credit story I have ever read.  95% pure bull stuff.  Credit is credit.  Credit cards, auto purchases, and home purchases make up the vast majority of positive credit.  Rental payments and all that other junk are useless for good credit (score).  If the article was about how to GET credit, that would be one thing, but that is not what is captioned in the title.  The new FICO scores are very complicated, but have basics that could have been addressed in this article, such as the "average length of accounts" and other such items.  What a waste of time and resources publishing such junk.
Aug 19, 2013 8:45AM
avatar
I got a credit card in college at age 19, graduated and started work at 23 with a 700+ credit score, and now at 27 I have a 810 credit score. Used the credit card about two times in 4 years, but it was enough to build my credit. Credit cards are not the problem, irresponsible usage is.
Aug 16, 2013 7:02PM
avatar
False! If you want to wait 10 years to get good credit then don't use credit cards. Get your facts straight before posting false stories on the internet.
Sep 2, 2013 5:05PM
avatar
Credit cards are the essential measurement of how you pay bills on time. It's when people carry large balances that their credit is lowered. FICO just wants to see that you know how to manage what is available to you in terms of credit. It's not complicated.
Sep 2, 2013 11:01PM
avatar
This is not exactly "rocket science" is it... if you can't figure out how to build credit without the cards...well, good luck.
Jul 11, 2014 7:48PM
avatar
They canceled my credit cards due to lack of usage, I only use my credit card like twice in 3 years...I guess it works for some but not for others...oh well. I have come to the conclusion that nothing makes any sense anymore
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.