Does a verizon cell phone plan build credit?

Answers:2   |   LastUpdateAt:2012-10-27 19:59:25  

Question
Josefina
Asked at 2012-09-17 19:57:03
From now on , my cell phone plan is the only bill I have ( and it's new, so I have yet to make a payment ) and apart from that, I have other accounts ( do not drive , so no insurance car / car payments or something) . Will my cell phone bill will establish a credit account for me ? MedlinePlus MedlinePlus What are some good ways to build credit when I have one yet ? I tried to apply for credit cards student and all, but was denied by all of them (I'm a sophomore in college ) . Frankly , it is critical that I am able to get student loans without a cosigner for next summer , which means I have to build credit relatively quickly . I have saved a lot of money working . I have a savings account , not a checking account. Any suggestions ? Thank you.
Answer1hummingbirdAnswered at 2012-10-15 12:35:29
No cell phone bills and utility " build credit . " To build a credit history , you should borrow money and pay it back.
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