What is the best way to build good credit without going into debt?

Neither of us have ever had a credit card before. We%26#039;re not planning on abusing them. We want to buy a house and need to build up some credit. What is the best way to go? Any tips?

What is the best way to build good credit without going into debt?

Get one credit card. Only use it a couple times a week or month - maybe groceries. Pay it off in full each month. If you use it sparingly and wisely and never miss a payment, you%26#039;re on your way.

What is the best way to build good credit without going into debt?

Get a cell phone. That is a kind of credit. Also, get some other bills in your name. A credit card will help to establish credit as well. Get an apartment for a year. This will help too.

What is the best way to build good credit without going into debt?

If you ever shop at any dept stores say Target Kmart Penneys etc apply for a credit card. They will maybe only give you a $200 limit or so. When you shop for everyday things use the card to buy them and then go over to the customer service desk and pay the bill in cash. This equals no credit card debt with positive points going towards your credit. Every time you use it and pay it off right then it looks great and you dont build up any debt

What is the best way to build good credit without going into debt?

There is an instant way, but i think it only works with married couples (It worked for my wife anyway.) She never had a credit card, car payment, loan or anything ever in her life. Then when we got married, i put her name on two of my best credit cards (ones that i have had for 6 years+ and never missed a payment) I checked her credit score about 1 month later and she was pushing near an 800 credit score. Which is over 100 points higher than mine!! (FYI anything over 760 and you get all the best deals)

What is the best way to build good credit without going into debt?

To raise credit score

1. Always pay on time or ahead of time.

2. maintain low balances on credit cards

3.To boost your score: Don%26#039;t charge anything for at least 60 days before applying for a loan

4. keep your total potential debt to earnings load low - If you have a card with a $15000 credit line, you may ask them to reduce it to something more realistic, like $5000.

5. You should have a recent history of both installment or term (Car or house loans) and revolving credit.

6.To boost your score: Don%26#039;t close unused accounts when you transfer debt.

7.To boost your score: Consider opening another credit-card account or two, or taking out a car loan or small bank loan.

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