Make a lot of money. Buy things you don't need with a credit card. (You may have to start out with a card where you deposit the amount of your limit.) Pay most of your balance off each month. You will have to leave some increasing balance so they can make some more money by charging you usury (interest). After awhile, you will be an important income source for the banking/credit industry.
I just wrote a hub on this as it's a bit complicated to answer in a small area such as this. My approach was one of repairing credit, but the same methods work for building it.
The one thing to remember is that it takes time to rebuild your credit just as it does to build it - and that the quickest way to build credit is via a legitimate secured credit card (issues by a bank - not a merchandiser). These cards are easy to get (as they are secured against the money you pay for them) and if used wisely (for small monthly purchases totaling less than 25% of the card's value) and always paid on time (prior to the billing date), they ca raise your credit score quite a bit in just a year's time (in my case, enough to purchase a house).
For those wanting to know more about how your credit is scored and how to repair it, I wrote up this hub - enjoy!
http://hubpages.com/hub/How-to-fix-your … port-score
And to dispel a myth ... credit companies are not interested in how much you make, so much as they are concerned with how well you repay your debts.
Keep you balances low on all revolving accounts. Don't make any late payments and try to resolve any accounts that may have fallen into default. Try to avoid declaring bankruptcy as well. Good luck.
if you can always pay your credit card bill, and any other loan on time. but will take time to build to have agood credit but worth it if never late or miss any payment of your loan or credit card bill, the best is use direck debit payment - bank automatic will take money from your account - and you wont worry about any miss or late payment.
Establishing a credit history can be a nightmare for lots of people – you can’t create a credit history without credit, and you can’t get credit without a credit history! Whilst there aren’t any quick fixes – it takes time to establish a good credit history – there are plenty of easy things you can do now to help you on your way.
by Dorsi Diaz5 years ago
I am going to get a secured credit card to help rebuild my credit. Does anyone have any advice on a good one? I see the offers on the Internet but would like to hear advice from someone who has used one and it worked...
by Rebecca Graf8 years ago
What questions would you like to see answered about credit card debt?
by CWanamaker4 years ago
What are some tips for improving your credit score when no one will issue you a credit card or loan?
by Joe Sellers7 years ago
The credit card companies are raising the interest on people that have never missed a payment or even been late. The are also lowering the credit line and charging over limit fees if the card ends up higher then the new...
by blueorpurple6 years ago
Credit card or cash! what should I use more?
by Davinagirl37 years ago
My husband and I are looking to buy a house in the upcoming year. We have run into some trouble looking for a lender because our credit is, for lack of a better term, crap! I am looking for ideas on how to...
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