The Express Lane Blog

Recent Grads Establishing Credit History

Female college grad

You just crossed over the stage into the land of “adulting” and fiscal responsibility. Congratulations! Now that you’ve earned your coveted degree and may be starting your first job out of college, it’s a good time to start looking at your finances and your credit.

There are many recent grads who don’t have a credit history established and have difficulty getting approved for financing to purchase a car. If you are a recent graduate with no credit history established, here are some ideas on how you can start building your credit:

  1. Apply for a secured credit card.
    A secured credit card (which is backed by a cash deposit) is intended to help you establish credit to qualify for unsecured credit cards (one that don’t require the borrower to make a deposit) and make other large purchases on credit.

  2. Pay your bills on time, every time.
    Making on-time payments is a great way to improve your credit score and build good credit history. You can set up automatic payments and/or electronic reminders to help you stay on track with monthly payments.

  3. Keep your credit balances low.
    Although having a credit card is good for establishing credit history, experts advise keeping your use of credit at no more than 30 percent of your total credit limit.

  4. Apply for subprime financing.
    Subprime financing is credit available to people who may have otherwise been turned down by traditional finance companies due to having bad credit or no credit.


Credit Acceptance is a subprime auto finance company that offers credit-challenged car buyers the opportunity to receive credit approval and improve their credit score with on-time payments.

So if you are a recent graduate looking to get approved for financing to purchase a vehicle, visit our website to find a dealer on the Credit Acceptance auto finance program who can help you get started on our credit approval today!