Establishing credit

[Bashorun 1]

I just got sign into a 2 years contract with sprint and since am an immigrant and not yet have my credit establised, I was asked to pay a 150 dollar deposit which I did. So I would like to know if anyone think by having a contract agreement with sprint for 2 years will help established my credit????

[jamrok 0]

I just got sign into a 2 years contract with sprint and since am an immigrant and not yet have my credit establised, I was asked to pay a 150 dollar deposit which I did. So I would like to know if anyone think by having a contract agreement with sprint for 2 years will help established my credit????

No...sprint does not report to the credit bureaus unless you break the contract. Try getting

secured credit cards....Bank of America has one. Secured credit cards are the best way

to go ....get a couple with $300 limits. Good luck

[cmartyn 0]

No, it wont help at all. You get your 150 back in a year.

[rob&ana 0]

But...

It sorta sets record that you are responsible paying your bills. Having bills on your name does help when you apply for home loans (as back up documentation).

Kinda frustrating but I was asked by Verizon for $500 which I thought was totally outrageous.

[ajames79 0]

Just curious...can you add someones name to the bill??I already have a verizon account, electric, etc. etc....

Wonder if that would help!?

[rob&ana 0]

I would think so.

We really didnt try, because the one time, the gas company did ask for a deposit just to add my name. Then I got a gym membership in which both our names were included, so we thought that would do it (as far as AOS, we werent thinking about credit at the moment).

You can try... I would highly recommend it.