In order to establish a credit history, you need to borrow money and pay it over time. Here are two ways to do this:

Apply for a retailer or gasoline credit card
They are a good start to help you build a credit history. Make some small purchases of essential items and the factor of such payments in your budget. Be aware of the date of payment and make payments on time. By making monthly payments on time, you begin to build a credit history.

Request a credit card MasterCard , with a limit of credit
Although you have bad credit or no credit, you may still qualify for a credit card. Here’s how it works: you put a certain amount of cash (say $ 1. 000) in a frozen bank account of security, and the bank issues a credit card with a credit limit similar. Talk to a customer service representative at your financial institution for details. Restoring credit after bad debts .Credit reports list charged-off debt for 6 years and bankruptcy in July, so it is not easy. However, try the two previous methods. You may also qualify for a personal loan or an equity loan through a lender, and HSBC Finance Corporation of Canada. guidelines for credit some lenders are different from traditional lenders may be able to qualify for a small personal loan, even if you have had credit difficulties in the past. As a homeowner, you can borrow against the equity you’ve built in your home through an equity loan