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Celebrities struggle with credit as well

Feb 17, 2013 Sean Albert

Though some individuals believe those in the middle and lower classes make up the typical demographic that worries about finances and have trouble with credit, this is not always the case. Those with higher incomes, including celebrities, have to make sure they have good credit histories and make their payments on time or they too will no longer be able to open new lines of credit or be approved for a loan.

Brandi Glanville, star of The Real Housewives of Beverly Hills, recently discovered this. A divorce from actor Eddie Cibrian left her with almost nothing, the New York Post reported, including a dismal credit history.

"I was a 36-year-old woman who couldn't lease a car and couldn't lease a house," Glanville told the newspaper. "For 13 years, my name wasn't on one account. I am still building my credit."

If an individual has no lines of credit in his or her name, building up a history of reliable payments can be difficult. However, for individuals in these situations, all is not lost. Most of them still have to pay rent or utilities, which can be of some benefit.

People can ask credit bureaus about their Payment Reporting Builds Credit (PRBC) score, which takes into account a history of on-time payments for other services, like electric and gas bills. This way, they can still have access to credit and build their traditional scores using this service.