Re: How to build credit
Ron,
A lot of the advice in here is either wrong or not the best way to build credit. Check out fatwallet's finance forum and read up. You don't have to buy stuff on a credit card and pay it off in the same month to build credit, you just need the card (that might mean make a purchase every year so they don't cancel, but the whole idea of racking up 3k/month and paying it off increasing your credit is wrong.) Also, if you have no use for credit for the next 6-12 months, you might as well apply for plenty of credit cards at the same time. It's better to get your credit cards now to build the credit history/age. Getting 1 card now and another in a year means you wasted 6 months and then an inquiry will be affecting your credit score for another 6-12 months.
If you have a parent or relative that has ALWAYS paid their card on time and someone you can trust/they can trust you, then get them to add you as an Authorized User. Wait a month or two, then apply for all the "easy" cards on the same day. Try to get an AMEX card, they allow a credit line increase instantly online.
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