How to build credit

[DoubleDealDecker]

OK. Here is what you do...Also, I don't have the energy to read the past 120 posts,so...whatever.
Number one--- pay all your bills on time, water, electric, loan shark, whatever.
Number one, part II --- Get your hand on a credit card. Department store, gasoline, or especially a Mastercard, Visa,or Discover. If you have to make a deposit, that is fine, if you have to pay 60,000% interest, that is fine. What you need to do is establish a credit rating in the computers, then nobody cares.
OK...Now what?...Number one part 3...don't gamble with it.
Now Number one part 4.--- Buy stuff, but do not max the card
out. To start with, don't go over 30% of your limit.
Next, make some payments... not the minimum or the max, but
kind of pay some, but pay the credit company some juice. They want to make money, but they don't want to make money off of people who need it.
Next part III... every 3-4 months pay your credit card down
to zero. You have now let the credit card company make money
and proved to them that you don't need the money. Guess what
comes next? Answer, more credit, usually it takes a year.
Rinse and repeat. After a while you will curse the mail carrier for bringing you all those tiresome pre-approved credit card offers.
Whatever you do, do not f*** up the first credit card you get your hands on. You can get more +EV out of it that most
gamblers will ever make in their lives.

ps Even if the account is only for $100 or 2 cents, it is still worth doing if it gets you into the Computer.