When You're 18, Here's How to Begin Building Credit

Good credit is crucial to unlocking many financial opportunities in life. When you have a great credit score, you can get lower interest rates.

Understand the Basics of Credit

Make sure you understand the basics of how credit works. Your credit reports are maintained by three major credit bureau Experian, TransUnion, and Equifax.

Monitor Your Credit Report and Credit Score

Monitoring your credit is one of the best ways to learn what will positively or negatively impact your scores. 

Have you recently started paying rent or utilities? Build It will add them as new tradelines with all three credit bureaus.

Sign Up  for ExtraCredit

Become an  Authorized User

If you have a friend or family member willing to add you as an authorized user on their credit card, you can piggyback off their credit card activity to help establish your credit.

Get a Starter Credit Card

You might have trouble qualifying for one when you have no credit history. Luckily, there are a few credit card options for young people.

Make Payments on Time

Making timely payments is the most important thing you can do to build credit, as payment history makes up 35% of your credit score.

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