How to Build Credit Fast & Easy

Build credit with a credit card.
Build credit with a credit card. (Image: credit card image by jimcox40 from

Wealthy individuals are often in a position to pay for expensive items with cash, and they may pay little attention to their credit history or score. However, the average person has to finance cars and homes, which requires a credit history and a decent credit score. Building a good credit history takes time, and it often involves establishing good habits and being financially responsible.

Get added as an authorized user on a credit card account. Solicit help from a reliable and trusted person such as your parent, older sibling or spouse. Have the person contact his credit card company and add your name to his account. In turn, this credit account appears on your credit report. Make sure the person uses credit responsibly.

Get a secured credit card. Stop by your bank branch and consult a bank representative. Inquire about the requirements for applying for a secured credit card. These often necessitate a security deposit, bank account and upfront set-up fees.

Pay monthly bills promptly. Pay your credit cards and other loans on time every month. Get organized and write down your due dates. Consider automated payments to prevent late or missed payments.

Maintain a low debt load. Excessively using credit cards and keeping balances close to your credit limit reduces your personal credit score. Pay off charges each month or every few months, and do not max out your accounts.

Tips & Warnings

  • If unable to acquire a major credit card, submit an application for a retail or gas card. These are easier to obtain with little or no credit history.

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