1. Pay Bills on Time
Your payment history is the biggest factor in your credit score. Late payments can stay on your report for years, so pay at least the minimum due each month.
Pro Tip: Set up autopay to avoid missed payments—but make sure you have enough funds to cover them!
2. Become an Authorized User
Ask a family member with good credit to add you as an authorized user on their credit card. Their positive payment history can help build yours.
Pro Tip: Confirm the credit card issuer reports authorized users to all three credit bureaus before signing on.
3. Use a Secured Credit Card
A secured credit card requires a deposit that acts as your credit limit. Use it responsibly to prove your creditworthiness.
Pro Tip: Even a small limit, like $500, can help establish your credit.
4. Apply for Your Own Credit Card
If you have a bank account, consider applying for a credit card through your financial institution. You may have a better chance of approval.
Pro Tip: Always pay your full balance each month to build credit and avoid interest charges.
5. Keep Credit Usage Low
Try not to use more than 30% of your available credit. This shows lenders you can manage credit responsibly.
Pro Tip: If your limit is $500, aim to keep your balance below $150.60.
6. Check Your Credit Reports
Mistakes on your credit report can hurt your score. You’re entitled to a free report from each credit bureau once a year—review them for errors!
