Building Credit Without SSN
The SSN or Social Security Number is a special nine-digit number that is given to each US citizen to keep track of their benefits and wages. Typically, obtaining a job, claiming social security benefits, and using other government services require a social security number. In order to prove your credibility, banks and credit card issuers may also ask for your SSN when you apply for a new credit card. Social security number (SSN) assists credit card business in preventing fraud and guards against identity theft for the general public. However, not all cards meet this condition. There are still ways to open a US bank account for persons who do not have a Social Security Number. Premium institutions like Lorien Finance offer you a complimentary US Bank A/C without SSN number right at the comfort of your home.
If you are an international student who just got admitted to your dream school in United States, then having a good credit score is essential because it affects almost every aspect of your life. And building a credit score without SSN is not difficult, but it can be time consuming. There are a few key steps you need to take in order to build a credit score without SSN.
First you need to get a credit builder loan. This loan will help you build credit by reporting your payments to the credit bureaus. You can use a credit builder education loan for higher studies from reliable institutions like Lorien Finance, which is a leading firm providing unlimited added benefits along with financial independence in US to the Indian students!
You will also need to use a credit card/debit card responsibly and make timely payments. You must keep your arrears and balances low to build good credit score. Credit bureaus can access your credit history even if you don’t have a SSN by utilizing other identities like your name, date of birth, address and job history. Finally, you will need to stay current on your bills and keep your debt levels low. By following these steps you can start building goo credit score from day-1.
There are more options to build credit without a Social Security Number. You can become an authorized user on someone else’s credit car or use a secured credit card. This means you can use their credit card but are not responsible for their debt. This can help you build credit without SSN. You might also be able to apply for a credit card using an individual taxpayer identification number (ITIN), rather than a social security number depending upon the bank of credit card provider. There are a few simple methods of applying for ITIN available on the government website.
Above all the best option you could use are the credit builder loans which don’t require good credit for approval. They do require that you or your guardian have enough income to make payments. This helps you build credit while also saving money. So, you can always consult Lorien Finance website and contact them for satisfactory and wise answers related to building credit without SSN.
Apart from building credit here’s a quick checklist for other immediate things to do once you land in USA:
BANK ACCOUNTS: You would need a Bank A/C to take care of your expenses when you arrive. Since all your payments could be digital through debit/card card, its important your have a credible Bank A/C. How about we tell you that Lorien Finance gives you a chance to open a Bank A/C even before you land in USA. You don’t require an SSN and there are no extra charges like overdraft fees etc.
DEBIT CARD: Debit Cards help you build your credit score from day 1 in the USA. With Sable backed Debit Card from US, you get a chance to get 1% free cash back offers and much more.
HEALTH INSURANCE: Every student must get a health insurance for at least the first year. Being in a new country, new healthcare system, the university insurance will be the most comprehensive in case of emergency or sickness.
SIM CARD: Did you know you get a free International SIM Card with free worldwide calling for the first month in India before you go to the USA? Lorien Finance gives this amazing opportunity to you for free! They help you to connect with the family as soon as you land and not worry about your phone plans from day-1.
WIFI: Few internet providers you can go for are A&T, Century Link, Cox, Xfinity. Make sure the routers you are going for are compatible with the service you are getting.
SETTING UP UTILITIES: In some of the states, you will have to call the utility service to start the electrical services in your apartment. Duke Energy and APS are examples of utility service providers.
Hope , the information above was helpful and could give you an idea on how to plan out your life ahead in the USA. Wishing you the best always. Stay updated with our blogs for more information!
