What is the best and fastest way to build good credit history?

My credit is AAA. My husband and I went to buy a car and the guy said to come back in 1/2 hour while he checked our credit. When we went back he said "whatever you want, you have excellent credit" We knew that. We are always approved on the spot for credit. The way to get your credit score higher is to pay your payment a week or so BEFORE it is due. Not just to get it there on the due date and NEVER be late. Everyone thinks there is a 10 days grace period on all bills- there is no such thing as a grace period. Anytime a bill is paid after the due date your score goes down. That's what the bank told us. Also if you have a skip a payment (they do that usually at Christmas) allowance, DO NOT SKIP, make the payment even if it runs you short. I always pay my credit card charges completely off when I get the bill. I understand sometimes you can't but at least pay the bill BEFORE the due date and NEVER depend on a grace period. If you do these things your credit score will continue to raise. If you pay extra on your credit card, make a separate check and pay it on the principle. Be sure to write principle payment on the check. It lowers the interest rate on the card everytime you pay on the principle so you pay the bill off sooner. My daughter was a supervisor in 2 banks before she became a paralegal for a lawyer firm.

there are a couple of ways you could start building credit, you could get a small personal loan which you might need a cosigner or the best way will be getting a credit cards, you could get a credit card and use it for your every day expenses but make sure you pay in full at the end of the month that way it will show pay in full everytime the credit card company reports to the credit beuros. At the begining you will only be approved for the lower end credit cards but once you build credit in about 6-9 months you should be able to apply for a better card with better benefits such as free miles or cash back. Check out www.fastcreditcardapprovals.com and go under bad or no credit section and you will find a few choices. But if you are a student apply of a student credit card these cards have no annual fees and low rates.

Newwave,

It sounds like you are doing everything right. One thing I don't know is what your current score is. If you are young and have limited credit but your credit score is over 600 something, you are fine.

Your biggest helps will be to minimize your debt and stay away from using all of the available credit on your cards (maxing them out). When you use all of your available credit you look fiscally stressed to the credit scoring programs and will get turned down more often.

Your greatest improvement will come when you show reductions in your student loans and eventually pay them off!

The other thing that helps a score a lot is what is called "time in file" in file means how long you have been using credit. Another help will be once you get an "installment" loan. Your cards are revolving and they earn lower scores than say car loans or furniture loans set on a predetermined installment payment basis. However, do not go out and get another loan simply to build your score. Credit score is important but its only relative to your needs not some trumped up Susie Orman media need to have a great score. Just keep up what you are doing and get credit as you can afford more.

Are you smart enough to listen to some good advice from someone who’s been where you are? I’m betting you are because you’re seeking information on how to improve your credit score, which is a very smart thing to do. Maybe you’re hoping to buy a house one day and you know a higher credit score will not only increase your chances of being financed, but will also influence the interest rate you’ll pay. You probably already know that generally speaking, the higher your credit score, the lower your interest rate.

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Maybe you just need to improve your credit score because your credit took a blow due to divorce, illness or loss of a job. Whatever your reasons for wanting to improve your credit score, you’re to be commended and I’m going to help point you in the right direction.One very important thing to keep in mind -- when you finish reading, don’t forget to click on the links I’ve provided at the end of the story.

Well part of your score is dependent upon how long you have a credit history. so for that part of score there is nothing you can do except get older.

Pay off the target card and quit using the other card. You want your statement balance to be zero so you have the highest amount of unused credit possible. Paying balance in full is not as good as having a statement balance of $0.