What is the best way to build your credit?

pay all your bills on time.

never be late and never in debt. that is the instant way and this is free.

never pay anyone for credit advise.

Charge it, pay it off everytime.

Never roll balances cuz you will give away you money.

But again... why bother with credit scoring? That is an american consumer myth.

1) make an emergency account, fund it. Use for real emergencies. Keep it.

2) Pay everything in cash

3) Save big - you have a paying job ? Max out 401k contibutions and retire as a millionaire (no kidding)

4) Since you are young, follow Dave Ramsey's doctrine and you will do well

Best wishes !!

You don't need a credit rating, that is a big myth, just to get you in debt. Pay cash for everything except for a house loan (they can do a "old fashion" loan on those and the interest is often lower than the others based on credit rating). Your first car should be a paid for older car and save for a newer one you can pay cash for later.

Living without debt is wonderful and you can have alot more control of your life instead of the credit people! It is a lot more fun spending money on yourself instead of sending it to the credit guys.

Apply for a "student" card from any of the major banks. I recommend Discover, since they seem to be the most willing to issue cards to students without credit. Make sure you apply for a student card.

To build your credit, make sure you pay your balance in full each month, and never spend more than 25% of your credit limit. Discover will probably give you a $1000 credit limit.

To raise credit score

1. Always pay on time or ahead of time.

2. maintain low balances on credit cards

3.To boost your score: Don't charge anything for at least 60 days before applying for a loan

4. keep your total potential debt to earnings load low - If you have a card with a $15000 credit line, you may ask them to reduce it to something more realistic, like $5000.

5. You should have a recent history of both installment or term (Car or house loans) and revolving credit.

6.To boost your score: Don't close unused accounts when you transfer debt.

7.To boost your score: Consider opening another credit-card account or two, or taking out a car loan or small bank loan.

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http://www.bestcreditrates.net/

You have to finance things and then pay them off promptly.

Get a credit card. Charge it up and pay it off before the due date. Repeat. NEVER MISS A PAYMENT. NEVER PAY INTEREST.

That's how you do it! :) I have a perfect credit score. I never missed a payment on anything.