How to build credit history?

There are many options to borrow money, nevertheless, sometimes it is difficult to get the bank’s credit approval.


To establish your credit history

Apply for credit according to your needs; do not borrow more than you need.

If you have no credit history, there are two options:

  Secure the loan requested with a savings account, certificate of deposit or a residence.

  Select a person with an established credit history as a co-signer.

Start building credit

Is your credit affected?

The following steps can help you to correct it:

  1. Request your free annual credit report at:
    You can also request it directly through EquifaxExperian or TranUnion credit agencies.
  2. Verify that all the information that appears in the report is correct.
  3. If you find incorrect or obsolete information, submit an investigation with the credit agency.
  4. Continue paying current bills in a timely manner and as agreed.
  5. If you have unexpected changes in your financial condition that affect your current obligations, contact your lender immediately.
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