Open a bank account. This will not appear on your credit report.
You usually need an account to apply for credit.
Apply for a credit card. Department store or gas credit cards are usually easier to obtain than a bank-issued card with a Visa or MasterCard logo. Use it and pay it off monthly.
Avoid fast loans. Its tempting at first when you get the letters in the mail from credit cards to take out $5000 against your credit card balance. Wow- this can be costly in the long run. Wait to borrow until you really need it, like when you are buying a house. Then go to your bank and get the money.
Create a spending plan. Be realistic andhave a lee way or margin of errr. Being too tough on your self can lead to not following the plan.
If you get into a bit of trouble;
- Don't overdraw your bank account. You will be charged fees, and you could damage a good reference.
- Avoid missed or late payments to any creditor. That is a sure way to damage your credit rating.
- Don't let anyone else borrow your credit card, debit card or in any way have access to your bank account. You are responsible for any authorized use of your accounts.
- Don't give your card number to anyone over the phone or Internet unless you have initiated the transaction.
- Avoid cash advances . They're expensive.
- Pay yourself first. Put you money somewhere safe where you will not be tempted to touch it.
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