How to Build credit fast

establishing a good credit score has never been as vital as it is in today's society. Your credit rating will follow you around wherever you go. When you want to buy a home, your credit rating will determine how much interest you pay a month. It will determine how much you can borrow. Employer's also review your credit score when you apply for a job. For young people, it is important to get on the right road in the beginning.

Instructions

1




Check your credit rating for free with one of the free credit report websites. There are three main credit bureaus, Equifax, Trans Union and Experian. You can read my article on how to get your credit history report for free in the resources section. Use FreeCreditReport.com or AnnualCreditReport.com, make sure to delete your account before the trial period is over so you don't get charged.

2




Put money into a checking account. People want to see bank account to know that you have some security in your life. Two accounts are a good ida, one checking and one savings. Pick your bank as to which ones have the most ATMs in your area for convenience. Interest earned in the accounts is trivial so it doesn't really matter.

3

Understand what goes into your credit score. Research how the score is made up and pay attention. Two basic things to remember are that you need to pay your bills on time and don't overuse your credit. It is better to not use credit than to pile up your bills and pay them off. Establishing good credit is not just about swiping your credit card and then paying it off.

4




Don't max out your credit cards. This will not help establish a good credit score. Never charge more than a third of what your credit limit is.

5

Mix up the ways you borrow money. Get a loan for a used car, get a card for the market you go to. Also write checks to pay off your bills. Maybe have one credit card that you put your gas money on and then pay it off on time every month.

6




All in all, try to stay out of debt. If you are in debt, this essentially hurts your credit score. There are many resources for getting out of debt. Pay off your biggest interest rates first.