How do you build credit

Question

because my dad won't tell me and i'm just going into college and i need some advise.

Answer 1

The most important thing is to be responsible. Never, ever, ever borrow more than you can afford to pay back.

When you get to college, you will probably be offered a lot of credit cards. Choose one, and only one that best suits your needs. Use it frequently, but make sure you always pay at least the minimum, and always on time. A good way to make sure you pay on time and to keep track of your spending is to register your credit card account online. You'll be able to check transactions, balances, payment due, etc. by registering. A lot of cards also allow you to make a payment online for free. This is a great feature to use. Also, look for something with no annual fee or a low annual fee and no monthly fee.

After that, it's just a matter of time before you start building credit. One of the key factors in your credit score is the length of time your accounts have been established. Another is payment history, which is why it is so important to always pay on time.  

Answer 2

Start a savings account at a local Credit union.

Save on a regular basis $10.00 a week for a couple months.

Then ask for a small signature loan.

500-1000.00 put that money in your account.

pay the debt out of the account and pay it off a little early.

Now you have established credit in a good way, without debt or credit card debts.

Then the credit union will loan you car money, school money etc.

use credit wisely, otherwise, you can get in deep really fast. and not be able to get out, and you have to have some sort of JOB, too.

With regular source of income. 2 weeks pay stubs

Answer 3

there are two ways you could start credit one or them is taking out a small personal loan which you might need a parent or an adult to co-sign for you meaning if you do not pay the loan they will. Or you could apply for a credit card for bad or no credit which most likely will get you approved no matter what, but if you are a student you could get a student credit card which will offer you lower rates and no annual fees, check out www.fastcreditcardapprovals.com and go under bad or no credit or student cards. good luck

http://fastcreditcardapprovals.com/

Answer 4

Here are some Tips to Help you Improve your Credit Score

http://www.easy-creditcard.com/credit-ca...