Quote:
Originally Posted by Jfheisenberg
I was able to build credit fast by using less than 30% of my total credit limit. And making payments on full (No balance).
But i guess credit is tricky so i could vary from person to person..
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Full payments actually build credit more slowly. Best process to build credit quickly is to get a credit card through your bank with a smaller limit, say $2000. Then go out and buy something reasonably large with it (that you already need), like a new TV or something for $500. At that point, your minimum payments will probably be something tiny, like $10. Pay it off over the next six months, making payments of roughly $90/month. You'll pay a tiny bit of interest, but that'll give you a payment history and show that you can carry a balance and pay it off. Rinse and repeat a few times.