Building Credit

I’ve had many questions lately about how I am going to build my credit.  I just turned 18 about 7 months ago and I haven’t really had the chance to build my credit.  I decided to research a little bit about building credit.

One major way to build credit is applying for a credit card when you are a college student.  Company’s are more likely  to give you a chance when you are in college because they know your parents are more willing to bail you out if needed.

-There are a few other tips to having a credit card.

• Try not to charge more than 30% of your limit
• Don’t charge more than you can pay off in a month
• Make sure you pay the bill on time

Another way to build credit is to get a loan with a cosigner or sign up as a joint account owner on someone else’s card.  This will help you build your credit as long as they are paying the bills on time.