4. Get a Secured Line of Credit
Getting a secure line of credit could be a good alternative way to build up credit, you just have to be careful about which service you go with. You’ll be required to put down cash, unlike a regular line of credit. Because of this, these lines of credit come with lower interest rates.
What you have to watch out for are exorbitant fees. Plus, make sure to ask a lot of questions before you pick one, as some may not report your on-time payments to credit bureaus- and that’s the whole point!
The good secure lines of credit will report any relevant behavior to credit bureaus such as any payments or balances!
