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    Edmundo Daco Jr.

    F-1 visa holders are usually just new to the US so they don’t have credit history yet. This makes it hard for the credit bureaus to recognize them. To start building credit history, an F-1 visa holder must do the following steps:

    1. Get a secured credit card from the banks – because F-1 visa holders don’t have credit yet, it will be very difficult for them to get unsecured credit cards from the banks. Instead, apply for a secured credit card which is much easier to acquire. Secured credit cards require a deposit amount, which will become the credit limit. In six to twelve months, you will be able to apply for unsecured credit cards and start building credit.
    2. Acquire a credit builder loan – some lenders are giving small loans so that people can be recognized by the credit bureaus. Take advantage of this and get one to start building credit.
    3. Find a co-signer – You can also get started credit building by riding on other people’s good credit history. Do this by applying for a small loan and have someone to co-sign it. It’s better to have a relative or friend that trusts you to be the co-signer.
    4. Be an authorized credit card user – If someone in your family has a credit card, ask to become an authorized user for it. This will also help you start building credit history.

    Note: This is not a legal advice.

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