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How to go about building a good credit score?

I have never owned a credit card, but I realize the benefits of having one and maintaining a good score. Also, I will need one when I start looking for apartments of my own. Does anyone know which companies offer credit cards with low interest rates with possible benefits to college/university students?
Any advice on the matter is welcome, thank you for your time.

This question was posted on Friday, January 29th, 2010 at 5:57 am and is filed under Good Credit Score. You can follow any answers to this question through the RSS 2.0 feed. You can leave a response, or trackback from your own site. Questions originally posted at Yahoo! Answers.

4 Answers to “How to go about building a good credit score?”

  1. Quizzle Says:
    January 29th, 2010 at 7:12 am

    Hi Ophelia! Unfortunately, if you're under 21, you may have a tough time getting a credit card. The new Credit CARD Act goes into effect on February 22 and requires that a person under 21 provide proof that s/he can repay the funds borrowed on a card or have a parent co-sign in order to qualify for a credit card.

    There is another option from the traditional unsecured credit card, however: A secured credit card. A secured credit card is just like an unsecured credit card, only you put down a security deposit up front to provide assurance to the bank or creditor that any debt you take on will be paid. Because a secured credit card has built-in safety measures – for both you and the creditor – it’s a great option for many people who are just getting started with credit. And just like a “regular” credit card, a secured credit card will help you build credit, provided that you make all your payments on time.

    Check in with your local bank or credit union for more information. Good luck!

  2. Alex Says:
    January 29th, 2010 at 4:29 pm

    i agree with Quizzle; a secured credit card is the way to start building credit. Shop around before applying for a secured card, as some companies charge large fees and high interest rates. Also make sure the company reports to the credit agencies.

  3. Mario Says:
    January 29th, 2010 at 7:45 pm

    Сredit repair workеd fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service - credit-report-score.10001mb.com

  4. Ok Says:
    January 30th, 2010 at 7:45 am

    i try to write the answers your problem in my blog http://www.mystructuredsettlement.co.cc you can see any problem in my blog.

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