How to build credit on nuteral credit?

Abraham Ladick: yup... a credit card is a great way to start without taking any loans out. The best way to build up ur credit on credit cards is to keep ur balance low and pay everything off at the end of the month. I was looking for a new credit card that wouldnt hurt me financially with fees and high interests. This might help u choose the right credit card to start with :)http://blog.greensherpa.com/index.php/personal-fin......Show more

Dick Maisenbacher: why not get a secured card?https://www.wellsfargo.com/credit_cards/secured/the New Federal rules that were passed in February. Does Not apply to Secured Cards as it's backed by the security deposit i suggest going with Wells Fargo bank as they have the lowest yearly fees out of all the main banksalso the bank may chose to give a unsecured card ( odds are slim with no credit)...Show more

Moises Rupinski: Also tell her that cell phones don't report either.Just making sure she knows this - some people beli! eve that it does.Tell her to get a credit card from the bank she has a checking account with.She does have a checking account in good standing for 6 months right?Go to the website and see what kinds they offer.Get one with cash back.Cash back has higher interest rates - but if you are trying to build credit you will never pay it.This is why:Carrying balances can deteriorate your credit, and in some cases devastate it.If you use a credit card for something you need like food or gas, and pay it in full you can achieve top credit.By paying in full - the card is essentially free - since you will never pay APR (interest).It is 100% myth that carrying balances is good for you -nothing could be further from the truth.Note: If she is under 21, she will have a very hard time getting a credit card. New Federal rules were passed in February. If so, tell her to get a secured card from her bank. /...Show more

Autumn Vacio: You are on the right track with the credit card idea. ! One of the factors is how long you have had an open line of c! redit. So having credit card that you keep using and paying off will help build credit. it s good to keep a small roll-over balance of like $20 on occasion. Another thought is to take a small personal loan from her bank for $500 or so and pay it over 6 months. I just suggest if you go with a credit card to shop wisely for one as there are some out there that aren't so reputable.Good luck...Show more