Credit Score: No Credit History? Easy Ways To Create It Quickly

Lending organisations may hesitate to provide you with a credit card if you do not have a credit history. In this scenario, you can apply for a secured credit card, which is issued against a fixed deposit as collateral. By using the secured credit card sensibly, you can gradually improve your credit history.

Use your credit card for paying bills like electricity, water, Wi-Fi, mobile recharges and gas bills. A good credit score helps you get a loan easily. This can only be possible if you pay the full amount every month on time without any default. 

These loans are easier to get than any other type, like personal loans or home loans. Consumer durable loans let you buy electronic items, home appliances or furniture on easy instalments as they are smaller in amount and often come with shorter repayment periods. This will help you in building a credit score from scratch.

This means you can buy something now and pay for it later, usually in small instalments. Many apps give this option to users in which they can make immediate purchases, such as clothes, electronics and groceries, and pay off the dues later. It is a good option for new-to-credit applicants who are willing to build their credit score.

Building a healthy credit history is not difficult. It just needs proper financial planning and a disciplined approach to manage your money. Initially, it may seem a difficult task, but you can build your credit profile by taking a single step at a time.