Re: How to build credit
Look, if the OP isn't willing to setup a 500 dollar secured credit card for six months then he's never going to get anywhere. I setup a secured card when I was 18 and got the money back after six months of good payments and hard the card bumped up in limits.
Assuming you live outside of California, your car insurance rates are also significantly higher if you have poor or no credit history. (California bars this practice which screws you if you have good credit)
Sure, 500 dollars is 500 bucks but sometimes doing the right thing isn't the easiest. Suck it up and just do it. You're already wayyy behind the curve if you're seriously 25 and w/o any credit history.
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