building good credit?

Question

I just married and i am looking for ways to build my husband's credit. He is 18 and has been working in the oil field for 7 months now. Any suggestions of what he can do?

Answer 1

Own/Get one credit card and do good with it to start.

Answer 2

There is a great way to build credit without taking on a high interest rate credit card...

PRBC (http://www.prbc.com) is a new credit bureau that helps you build credit for paying your bills on time. Your on-time bill payments aren't reported to the Big 3 credit bureaus - they just knock your credit report if you miss or are late with bills. PRBC actually gives you a positive credit report for paying your rent, phone bills, utilities, car payments, etc. on time.

PRBC has a new online bill pay service with CheckFree, the company that handles internet payment services for most major banks. For $4.95 a month, you can pay your bills online (which is cool anyway) and PRBC collects your on-time bill payments automatically. In 6 months, you'll get a PRBC Bill Payment Score & Report that you can use to help get better interest rates for mortgages, car loans, etc. There's even a 90-day money back guarantee. Here's the link... http://prbc.com/consumers/how/olbp-intro.php

If you miss payments or decide you don't want to use your PRBC Credit Report for any reason, you don't have to - there's no risk. Nothing is shared with anyone else unless you specifically say you want it shared. You can also check your PRBC Credit Report at any time for free - very different than the Big 3 bureaus.

The Washington Post wrote an article about them here ->
http://www.washingtonpost.com/wp-dyn/content/article/2005/09/30/AR2005093000772.html

They also have backing from Freddie Mac and Fannie Mae, 2 govt backed companies that offer affordable home loans -> http://prbc.com/partners/reports.php

Check them out, I think it'd be a great way to help your husband start building his credit safely - good luck!

Answer 3

The old fashion way, get a credit card, its going to be high interest because he is new to the credit field but after having it awhile and always paying it then they will bring the interest rate down.

Answer 4

here is a good the article about entitled 5 Quick Steps to a Better Credit Score http://badcreditresources.com/article-7-Better-Credit-Score.html . You can learn how to manage your credit score and improve your creditworthiness

Good luck!