If you are looking to build your credit, yet you don’t want to use the “traditional” method of getting a credit card, then you’re in luck. There are many methods and accounts that you can use to get your credit score to where you want it.

Today, we’re going to look into a few of these credit-building accounts you might consider.

Car Loans

You must make monthly payments when you take out an auto loan. Making on-time payments on your auto loan means that you can increase your score.

If you purchase your car in cash, you won’t be able to take advantage of this credit-building method.

Student Loans

For many college students, student loans are unavoidable. When you graduate, your monthly payments will kick in. This usually happens within a year. However, the good thing about student loans is that they offer an opportunity for new adults to build their credit score through on-time loan payments.

Accounts You Can Use To Build Your Credit

Rent Payments

Most landlords won’t report the monthly rent checks they receive to the credit bureau. The good thing is that there are many services out there that you can sign up for if you want to report your rent payments.

Level Credit is one of our favorite services for getting your rent payments reported. While you do have to pay for this service, the credit score boost might be worth it for you.

Subscription Payments

You’re likely subscribed to a few major streaming services, such as Netflix, HBO, or Disney+. Did you know that you can build credit for having a subscription to these services?

If you have these subscriptions, you might consider using Experian Boost to benefit from subscribing to these kinds of services.

Utility Payments

You’re likely paying your utility bills on time every month. If you have these accounts in your name, you have the ability to add them to your credit report. Experian Boost is a great way to take your utility payments and turn them into good credit.

Authorized User Accounts

Becoming an authorized user on someone else’s account that has great credit is a traditional method for building credit. If you have a close friend or family member with good credit that is willing to let you be an authorized user on their account, you might consider taking advantage of that.

However, if you don’t have someone you know who you can become an authorized user with, you can consider purchasing authorized user tradelines from a reputable tradeline company.

Final Thoughts – Your Journey To Excellent Credit

As you can see, there are many unique ways to build your credit.

Here at Personal Tradelines, we’re all about making sure our customers are confident throughout the tradeline buying process. We’re here to provide all of the necessary knowledge so that you can find the tradeline for sale that fits your situation best.

Make sure to get in contact with us when you are ready to take the first step toward great credit!