5 Tips for establishing credit, LA Times vs The Credit Guy.
I give you my take on the LA Times story from August 19th. Offering only my opinions on the subject.
Start slowly? I would suggest starting with 5 good bank credit cards and then not applying for new credit in order to minimize the credit inquiry impact.
Co Signer. Not a good Idea. Get a secured card or get listed as a auth user from your mom or dad.
3 lines of credit. not exactly FICO will score one account as long as it is 6 months old.
Variety. over rated this is normally quoted because it is the official line from FICO.
Secured credit card, this one is correct but apply with a large bank and they will roll the account so you keep all the history.