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(BPT) - It's a common financial predicament for most 20-something-year-olds: You need credit to get credit. But even if you're older and have been through some credit-wrecking havoc in your life, you could face the same issue.
'The only way to build a credit history is to use credit,' explains Maxine Sweet, vice president of public education at the credit bureau Experian. So here are five easy steps to help get you started.
* Know the score: Figure out what credit history you've established. Even if you've never had a loan or credit card, there's a good chance you have information on your credit reports that has been compiled by the three major credit bureaus: Equifax, Experian and TransUnion. For instance, Experian now collects rental payment histories, so some landlords submit reports to credit bureaus.
Under federal law, the three... If the email address was found in our system, your password has been sent. Please check your inbox.
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