Things You'll Need:
- Willpower
- Willpower
- and more Willpower
-
Step 1
The first step is to evaluate your current credit situation. It may be a good idea to run a credit report to find your credit score. This will allow you to benchmark your starting point. Equifax, Experian, and Trans Union are the three main providers.
-
Step 2
Now that you know where you're starting, develop a plan. First and foremost, it is about that time for you to get a credit card if you don't already have one. Credit cards provide the most efficient way of building credit, but as you are probably aware, can also be risky.
-
Step 3
Use websites such as http://www.bankrate.com to evaluate various cards. Note their rates, benefits, and any extra fees. Interest rates are going to be the most important to you, so choose wisely.
-
Step 4
Once a credit card is chosen, don't be afraid to use it - with caution of course. It might be a good idea to use it for periodic purchases such as your electric bill, gas, or other consistent monthly payments. In this way, your payments should be fairly consistent and stable.
-
Step 5
The most important step! Pay your bills on time! Also, try your best to not carry a balance. Being a new comer in the credit world, interest rates can be very high. So be smart and punctual with your spending and payments.
-
Step 6
Continue these basic steps of spending and paying off your monthly bills. Building strong credit scores early will benefit you in the future - Buying cars, buying a house, pulling loans for higher education.
GOOD LUCK!
