what is the best way to earn credit if im only 18??

Question

what are the things that i should do to start getting a good credit..??

Answer 1

If you don't have one already, you should open up a checking and savings account. Though it won't directly build your credit, it will show that you have a way to manage your money.

Then you might want to check to see if they offer low limit or secured credit cards. Bank of America, Wells Fargo, Orchard Bank, are some that offer secured cards if where you do your banking doesn't offer them. I posted the links to apply directly to the cards below. They're the easiest to get becuase you have to deposit upfront the same amount in a savings account. For example, if you depost $500, you would get a $500 credit line. If you pay the card on time and keep the balance low or 0 preferably, you'll get the deposit back usually after a year, with possible interest. My advice would be to make small purchases ($20-75/month) that you can pay off on-time, in full every month. I would only use the card in emergencies.

Another thing is to see if a close friend or a family member with good credit can add you to their credit cards as a authorized user, but you don't get a card. They're only adding you for credit reporting purposes only. Make sure that they make sure that the credit card company reports that account on your credit too.

Lastly, check out this website http://prbc.com/default.php?

If you pay rent, cable, utilities, insurance, day care, phone, cell phone, etc. every month, you can report previous payments from up to 3 years back and current payments, have them verified and scored in a report that can be used with your regular credit reports. Look this site over, there's too much for me to explain, but I feel that this is perfect for your situation.

Answer 2

make a card with a very low limit and have your parents as reference (so if you dont pay your bill itll be sent to them)
never spend more than what you actually have in cold hard cash
use the credit card, and then pay the bill every month and your credit rating will go up

Answer 3

Head to "US BANK" with some money and fill out papers to open a "secured credit card".

Say you have $500.oo, you will get a credit card with $500.oo limit. Each month your will get your bill and each month YOU MUST pay it off in full. Your $500 sits in the bank like an insurance policy to the bank. You don't pay your bills, they get to keep it. SO SIMPLE.

Pay off your credit card each month for one year then you get to up your limit and get your $500.oo back. Thus the credit cycle has begun!

Pay off the card IN FULL each month and life will be good !!

: )

Answer 4

Try a secured credit card and be on time with all payments.

Answer 5

pay your bills on timely basis