What's an easy way I can improve my credit?

Question

I'm going off to college this fall and plan on using a debit card. I'm wondering what the easiest way I could help my credit so I'll have good credit when I get out of college.

Answer 1

~First off if you don't have a cell phone with a 2+ year contract...get one! That starts your credit to grow when you make your monthly payments ON TIME.

~Second, you need to get an actual credit card from your bank you use. Don't get a card from companies that are not actually bank related. They have hidden tricks, that may increase your APR without your approval or knowledge of, which is bad!

Try to use the credit card alot, and make sure you have the money to pay it off by the end of each month and your credit score will rise!

Good Luck!

Answer 2

A debit card isn't going to help you build credit.  The best way is to apply for a student credit card and make small purchases on it that you know you can pay off.  Student credit cards are fairly easy to get and are a great way to build credit when you don't have any

http://www.buildcreditblog.com/credit-ca...

Answer 3

Get a credit card, use it a few times a month, and pay it off every other time, and 3/4 the other half. Every two months call the credit card company and ask for credit line increase. Correct errors on your credit report. Your report must prove to the lender that he will get his money back.

Some retail and gasoline credit cards are not revolving (do not carry a monthly balance) and sometimes are easier to obtain than regular cards. Over time they can help establish history. If you don't have a checking account, open one. You have very little credibility with lenders if you don't have at least a checking account and preferably a savings account as well. Just as importantly, be sure not to overdraw your bank account. Bouncing checks sends a signal to potential lenders that you can't manage your daily finances and are therefore not a good credit risk.

With careful planning and a little knowledge of how lenders issue credit, you CAN establish a credit history fairly painlessly. There are many businesses waiting in line to take advantage of you by charging exorbitant fees or interest rates, so be careful out there.

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http://www.bestcreditrates.net

Answer 4

Bank debit cards have no effect on your credit score.

You would need to open a regular credit card.  Just check bankrate.com.  There are many companies that offer student credit cards.

If you get approved, make sure to pay off all your bills in full and on time.  If you have a credit limit of $900, never spend more than $300---basically only use 1/3 of the available credit you have.  It will help your score.  Over time, your credit will improve.

Answer 5

Debit cards do nothing to help your credit. The best way to build good credit is to get a credit card and use it responsibly every month.  Be sure to pay it in full and on time every month.  You don't have to spend very much even 50 to 100 dollars a month will work. Never ever pay late.  One late payment will damage your credit even if you only owe a small amount on your credit card.

I did this when I started college and I had a 700 credit score by the time I was 20.