 TITLE: How to Start Building Credit After College CONTENT: Consider a Credit-Builder Loan\n------------------------------\nIf you aren't interested in credit cards, or you just want to build your credit history faster, another tactic is to obtain a credit-builder loan. This isn't a traditional loan; rather than giving you a lump sum, a lender instead puts a balance in a savings account—usually anywhere from $300 to $1,000—that you can't access upfront.\nYou make payments over a set time period, which is typically anywhere from six to 24 months. These payments are reported to the credit bureaus, so when you make timely payments, it helps you establish a positive credit history. Once you've paid the full amount, you get access to the money, and some lenders also return a portion of interest to you. This financial product helps you build credit while also building savings at the same time. END