As paradoxical as it might seem, building credit from scratch can sometimes be more difficult than fixing bad credit you’ve already accrued. It might feel like a daunting task at first, but there are some simple ways you can go from not having a credit to your name to being a trustworthy consumer in the eyes of the financial world, and Money Ladder is here to help with our guide.

Start with a Secured Credit Card

Going from no credit to good credit can be made easier if you begin by learning the ropes with a secured credit card. A secured card is one that reports directly to credit bureaus, and that requires an upfront deposit to start using. This limits your spending, making it a great way to learn how to stay accountable and build up a reliable credit score in relative financial safety.

Transition to Regular Use

Once you get into the swing of things with a secured credit card, you should feel free to ask your bank for a card that you can use regularly. Many banks will allow you to transfer the balance on your secured card directly to your new card, which will allow you to go from no credit to good credit much faster thanks to this streamlined ability to keep track of your spending. And if there’s a particular retailer you frequent, consider opening a store credit card specifically with them! Lots of stores offer credit cards to people with poor or no credit, so this makes for a good introduction to the concept of credit as well.

Pay Your Bills on Time

Paying your bills on time and in full is the most important way to go from no credit to good credit, and in many ways it’s also one of the trickiest. It can be far too easy to get waylaid into spending beyond your means when you have a reliable line of credit extended your way, but there are a few things you can do to keep debt from befalling you. 

  •     Start by only making small purchases on your credit card that you know you’ll be able  to pay back easily
  •     Keep the balance on your card at or below 30% of your total available credit limit
  •     Set up automatic payments to make sure you go from no credit to good credit even if your due dates slip your mind
  •     Research the interest rate and the APR on a given card before investing in it and make sure you’re not using one that will accrue debt quickly
  •     Buy only from vendors you trust (i.e. ones that won’t pile on hidden fees after you’ve made what you thought was the full payment)

The specter of debt can keep a lot of people from using their cards at all, but you can go from no credit to good credit through the use of judicious spending and common sense.

Get a Credit Builder Loan

A credit builder loan, as the name might imply, is a kind of loan that the bank extends specifically to help you get off on the right foot when it comes to your credit score. The bank in question keeps a certain amount of money in a secure account for the borrower, and one must make payments on time in order to access it. Like a secured credit card, it keeps you from getting in over your head when it comes to your spending, and presents a simple way to go from no credit to good credit with relative speed.

Understanding Your Financial Habits & The Behaviors That Drive Them

Many of these steps will feel a lot more natural in practice if you begin to absorb what it means to be financially literate. There are any number of individual tips and tricks you can learn to bolster your credit score, but living your life with good financial habits is the only surefire way to make sure you stay on the right side of debt and maintain a credit score you can be proud of. Identifying and understanding why you make certain decisions to begin with is the first step towards achieving good credit.

Succeed Today with Money Ladder

These are only a few of the ways you can find yourself rocketing from no credit to good credit in the blink of an eye, and with the help of the certified debt specialists at Money Ladder there’s no end to the number of things you can achieve. Our Life Success Program is chartered by some of the most aptly-titled client success specialists you can find, and can teach you everything from how to avoid debt to the best ways to grow your investments.

If you’re ready to take charge of your future and start going from no credit to good credit, give us a call at 1-888-585-8492 and let us know what we can do for you. Whether you’re trying to work your way out of debt, need loan options, or want a few friendly tips for how to make your business venture the best it can be, you won’t find friendlier service or more reliable expertise from anyone but the Certified Debt Specialists at Money Ladder.



* ​Please note that all calls with the company may be recorded or monitored for quality assurance and training purposes. *Clients who make all their monthly program deposits pay approximately 70-75% of their original enrolled debts over 12 to 60 months. All claims are based on enrolled debts. Not all debts are eligible for enrollment. Not all clients complete their program for various reasons, including their ability to save sufficient funds. Estimates based on prior results, which will vary based on specific circumstances. We do not guarantee that your debts will be lowered by a specific amount or percentage or that you will be debt-free within a specific period of time. We do not assume consumer debt, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Our service is not available in all states and our fees may vary from state to state. Please contact a tax professional to discuss tax consequences of settlement. Please consult with a bankruptcy attorney for more information on bankruptcy. Depending on your state, we may be available to recommend a local tax professional and/or bankruptcy attorney. Read and understand all program materials prior to enrollment, including potential adverse impact on credit rating. The use of debt settlement services will likely adversely affect your creditworthiness, may result in you being subject to collections or being sued by creditors or collectors and may increase the outstanding balances of your enrolled accounts due to the accrual of fees and interest. However, negotiated settlements we obtain on your behalf resolve the entire account, including all accrued fees and interest. ​If you have any questions or comments about our disclosures as outlined above, you can contact us at: