How to quickly build your Credit Loan record when studying in the US?

The U.S. is a credit society, and it is vital to have good credit to live in the U.S. If you don’t have credit or have poor credit, you will face barriers everywhere you go.
A credit score represents a person’s responsible attitude in life, so it affects all aspects of your life in the U.S., such as applying for credit cards, getting a loan, renting an apartment, buying a car, and even finding a job.

So, if you are an international student who wants to rent an apartment or buy a car, or if you want to stay and work in the U.S. after graduation, how can you quickly build your credit history from scratch so that you can maintain a good credit score?
International students can usually build their credit history by.
Open a local bank account
While a savings account does not create a credit history in the U.S., opening a local bank savings account is still an important step in building your credit file and starting to build credit.
Your bank account will show your future financial history with the bank, and if you are a loyal customer of that bank, that bank is more likely than others to offer you eligibility to open a credit card.
There are many benefits to opening an account with a bank other than getting a credit card. For example, if you have already taken out a study abroad loan with MPOWER, you can tie your bank account to set up automatic repayment and receive a discount on your interest rate
If your study abroad loan includes living expenses, this savings account can also be used to receive living expenses. (*Note: Not all schools accept living expenses loans, so please check with your school’s financial aid office proactively.)
Taking out a loan with MPOWER and paying it back on time can also help you build your credit history, as we’ll talk about later in this article.
In summary, if you plan to open a local bank account in the US, it is recommended that you do more research and compare the advantages and disadvantages of each before opening an account. With that said, I suggest you check out Sable, a company that specializes in opening U.S. bank accounts for international travelers, promises the best exchange rates, offers multilingual support, and can help you have a bank account before you even arrive in the U.S.
Report on your rent
In the U.S., rent is not usually reported automatically on your credit report. If you are renting off-campus, it is a good idea to make sure that your monthly rent payments are reported to Experian, one of the three major credit bureaus.
Some housing management companies regularly report rent payments to Experian’s RentBureau, and if your apartment does not have this service, or if you are renting a private home, it is recommended that you sign up for a payment service that works with Experian RentBureau to pay your rent each month. In this way, Experian will include your rent payments in your U.S. credit report.