If you’re looking to build or rebuild your credit, a secured card is often a good way to do that. Secured cards require a security deposit to be made as collateral once you get approved, but otherwise they function similarly to regular credit cards. By paying your balance on time and in full, you’ll be able to gradually improve your credit score.
If you’re looking for a good secured credit card, please see this NerdWallet resource:
A couple other ways to build credit include getting added as an authorized user to a friend or family member’s card (if they have a great repayment history), working with your landlord to have on-time rent payments reported to the credit bureaus, or using a credit builder loan.
The National Foundation for Credit Counseling can be another good resource to reach out to. If you’re feeling overwhelmed with debt and need some help managing it, you can contact them at (800) 388-2227.
Here’s a few other resources to help you along your way: