We meet people in this category fairly often, and the advice we give pretty well mirrors this article, but there are a few suggestions in here that I didn’t know about. There are cases where having no credit at all can be more challenging for a mortgage application than having bruised credit.
People often ask about getting a personal loan, just to be able to pay it back. I tend to recommend against borrowing money you don’t need – and repaying it with interest – just to build credit history, but the “credit builder” loan suggested here sounds like a slightly better offering.
In most cases, the secured credit card is among the fastest and least expensive ways to establish credit in a hurry.