No Credit History

[Kyle R.]

I have had a credit card for about 3 weeks.

Other than that, I have no history of borrowing or making monthly payments. (I bought all my cars in cash, I never rented, and never even had a cell phone bill.)

I talked to my credit union that I have been using since I was 18 (I'm 21 now) and I tried to get pre-approved for a mortgage. The lady told me that it is not possible for me to get a home loan because of my lack of credit history. She told me to use my credit card and try again in 6 months.. I read online it can take 12 months to build enough credit history.

Am I stuck for now? I was hoping I could get something started earlier.