5 Ways to Build Your Credit and Access Easy Credit Lines

smiling woman sitting on the floor with laptop 13 June, 2023

Building your credit is essential for achieving financial freedom. It opens doors to easy-to-get credit lines with bad credit, lower interest rates on debts, and better insurance premiums. However, building good credit can be a daunting task, especially if you are starting from scratch or have made some past mistakes. The good news is that there are several ways to build your credit score and access the benefits of having excellent credit. In this blog post, we will explore five effective strategies that can help you improve your credit score and open up new opportunities for financial success!


Get a secured credit line

One of the easiest things is to get a secured credit line.  Unlike traditional cards, secured lines require you to make an initial deposit as collateral. This deposit ensures that you can pay off any balances on the card and helps reduce the risk for the lender.


Once you have obtained a secured credit line, it's essential to use it responsibly. Keep your balance low and always pay on time or in full each month. Late payments can significantly damage your credit score, so set up automatic payments if possible.


Use a credit-builder debts

Easy to get credit lines with bad credit is by using a credit-builder lend. This is designed specifically to help people with little or no credit history establish good credit. 


A credit-builder lender works like this: you lend small amounts, usually less than $1,000, and then make regular payments over a set period – typically six months to two years. The lender reports your on-time payments to the major credit bureaus, which helps boost your credit score.

A credit-builder can be an effective tool for building or rebuilding your credit if used responsibly and paid on time. 


Authorize someone else's credit line

Becoming an authorized user on someone else's credit line can be a great way to build your credit profile. When you are added as an authorized user, the primary cardholder's payment history and credit limit will also reflect on your credit report. 


It is important to choose the right person whose credit habits align with yours. Becoming an authorized user for someone who has a poor payment history or high balances could hurt your score rather than help it.


Once you have found the right person, make sure that they add you as an authorized user and communicate their expectations for the use of the card. 


Obtain a cosigner for a credit line

If you're struggling to build your credit on your own, consider getting a cosigner for a lend or credit line. Having a co-signer can help you get approved for lends and credits that would otherwise be out of reach.


It's essential to choose a reliable person as your co-signer since they will be legally responsible for the debt should anything go wrong.


Build your credit with alternative lenders

If you're struggling to build your credit with traditional lenders, alternative lenders may be the solution. Alternative lending options include peer-to-peer lending platforms and online installment credit providers. These companies often have less stringent credit requirements than banks or credit unions.


Peer-to-peer lending platforms connect borrowers directly with investors who fund their lends.. Borrowers can typically access lower interest rates than they would through traditional lenders, but it's important to note that interest rates on these credits can still be high if you have poor credit.



Building a good credit score can be challenging, but it is worth the effort. A high credit score opens up many opportunities for easy access to credit lines, better interest rates on lends and mortgages, and even job offers. 


By following the five ways mentioned in this article, including getting a secured credit line, using a credit-builder, becoming an authorized user on someone else's credit line, getting a cosigner for a lend or credit line, and building your credit with alternative lenders; you can start building your way towards financial freedom.


Remember that easy-to-get credit lines with bad credit are not something that happens overnight. It takes time and consistent effort to improve your score. But by staying disciplined with your spending habits and making timely payments on all of your bills and debts, you will soon see positive results.


Take control of your finances today by taking the necessary steps to build up your credit rating!