How To Build Your Credit From Nothing

By on January 31, 2013

Credit Score Explained

To many people, building their credit score is about as foreign to them as Twitter is to my great-grandmother. Throw in terms like  credit utilization percentage or soft and hard credit pulls and the whole thing can really make your head spin.

Regardless, the vast majority of people, whether they like it or not, will have to depend on their credit score at some point in life. Whether it’s securing a mortgage, apartment, or car lease, everyone’s time will come.

Luckily, some people, like the folks over at Quizzle, DO know the ins and outs of building a solid score.

“In the end, people make credit out to be more complicated than it probably needs to be. The best thing you can do to maintain and build your credit to obtain a solid credit score is to pay off your bills on time, each month, no exceptions. One late payment can significantly damage your credit score, especially when you’re just getting started.”

This article outlines 6 simple steps to building a credit history the right way. The overarching lessons: don’t spend more than you have to show lenders you’re the type of person they want to lend money to.

For all 6 steps, check out the full article on LifeHacker: How To Build Your Credit From Nothing In Six Simple Steps

Russell Kith

About Russell Kith

Russell Kith grew up in small town Wisconsin, the youngest of 4 boys. Having devoted most of his adolescent years to troublemaking, he left home at 18 and roamed across the world taking a variety of jobs he declines to specify. These days, you can find him writing about personal finance on the web. You can follow Russell on Google+ or Twitter.

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