 TITLE: How to Qualify for New Credit with No Credit Score CONTENT: What Are My Credit Options with No Credit Score?\n------------------------------------------------\nCredit options for people with no credit score do exist—you just need to know where to look. Here are five options to consider if you need help building your credit:\n*   **Secured credit cards** are credit cards that require you to deposit your own money as collateral for the card. That deposit usually serves as your credit limit. So if you deposit $300, for example, you can spend up to that amount on the card. Secured credit cards might be right for you if you have a limited credit history and are looking to build your credit.\n*   **Credit builder loans** are loans in which the lender holds the total loan amounts in a savings account while you make payments on it. Once you've paid off the credit builder loan, you receive access to the funds.\n*   **Store credit cards,** or retail cards, are credit cards offered by a retailer. Usually, such cards can only be used to buy things at that store. Store credit cards also typically come with a lower credit limit and a higher annual percentage rate than other credit cards.\n*   **Authorized users** can be added to a credit card account, which allows them to use the credit card but not be the primary responsible party for making payments on the account. Becoming an authorized user can help you start building credit, but you need to make sure that creditors report your authorized user account to the credit reporting agencies. You can become an authorized user by asking a family member to add you to their credit card account.\n*   **Cosigning** is when someone, usually a relative or friend, cosigns a loan to help you establish a credit history. The consigner must have strong credit scores, and they are likely able to qualify for better interest rates and credit terms than you would have yourself. Cosigning can have risks, especially if you fail to make payments on the loan, which can affect both of your credit scores as a result.\nExperian Boost™† Can Help\n-------------------------\nThere is a way for you to improve your credit scores by factoring in previously uncounted payments, such as utility and cell phone bills, through a new, free product called Experian Boost.\nThrough this new opt-in product, consumers can allow Experian to connect to their bank accounts to identify utility and telecom payment history. After a consumer verifies the data and confirms they want it added to their Experian credit file, an updated FICO® Score will be delivered in real time.\nVisit experian.com\/boost now to register. By signing up for a free Experian membership, you will receive a free credit report and FICO® Score immediately and will be one of the first to experience Experian Boost.\nBottom Line\n-----------\nYou have options if you are just starting to build your credit. Being approved is the first step, but managing your credit well is the next and most important step during your lifetime. Credit reports reflect your credit history and help lenders decide if they can trust that you will manage your debts over time. If you don't pay your debts on time, you will lose that trust and your credit score may suffer. Monitor your credit report for free using the Experian Financial Profile tool. END