How to Start Building Your Credit Score

Your credit score is one of the most important numbers in your life. Here’s how to start building your credit score so you can get approved for loans and lines of credit.

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Check your credit report

One of the most important things you can do when it comes to your credit score is to check your credit report. You can get a free credit report from each of the three credit bureaus once per year. Checking your credit report will help you identify any errors or negative items that could be dragging down your score.

Request a free credit report from is a central source for consumers to request their free annual credit report from the three credit reporting bureaus: Equifax, Experian and TransUnion. Although you are entitled to one free report from each bureau every year, is the only website authorized by the federal government to provide them.

You can request all three reports at once, or space them out throughout the year. Check your report periodically to make sure there are no errors, and to identify any negative information that may be dragging down your score. You can dispute any incorrect information with the credit bureau directly.

Building a good credit score takes time, but it’s important to start as early as possible. A strong credit score will help you qualify for loans and get the best interest rates, which can save you money over time.

Check for errors or inaccuracies

When you get your credit report, look through it carefully to check for any errors or inaccuracies. If you find any, you can file a dispute with the credit bureau to have them removed. This will help improve your credit score.

You should also check to see if there are any negative marks that are no longer accurate. For example, if you have since paid off a delinquent account, the late payments should no longer be appearing on your credit report. In this case, you can also file a dispute to have the inaccurate information removed.

Start using credit

If you’re new to the credit game, you might be wondering how to start building your credit score. Luckily, there are a few things you can do to get started. One of the best things you can do is start using credit. This means using a credit card or taking out a loan. Using credit is a great way to show lenders that you’re a responsible borrower.

Get a secured credit card

A secured credit card is a good option if you’re just starting out and trying to build your credit score. With this type of card, you put down a deposit—usually equal to your credit limit—and the card issuer uses that money as collateral. This means that if you don’t make your payments on time, the issuer can dip into your deposit to cover the missed payment.

There are a few things to keep in mind when you’re considering a secured credit card:

– Make sure the issuer reports your activity to the major credit bureaus, so you can start building your credit history.
– Look for a card with no annual fee or other hidden costs.
– Once you’ve built up your credit score, you can upgrade to an unsecured credit card.

Use a credit builder loan

If you’re looking to establish credit or improve your credit score, one option is to consider a credit builder loan. A credit builder loan is a type of loan specifically designed to help people build their credit.

With a credit builder loan, you borrow a small amount of money and agree to make regular payments over a set period of time, usually 12 months or more. As you make your payments on time, you’ll start to build positive credit history, which can help to improve your credit score.

Credit builder loans are often offered by credit unions, but there are also some online lenders that offer them as well. If you’re considering this option, be sure to compare different loans and lenders to find the best terms and rates.

Become an authorized user on someone else’s credit card

One way to start building your credit score is to become an authorized user on someone else’s credit card. This means that you can use their credit card but are not liable for the debt. This can be a good way to start building your credit score if you are unable to get a credit card on your own.

Use credit responsibly

Credit scores are confusing. There are a lot of variables that go into building a strong credit score and it can be difficult to keep track of everything. Luckily, there are some things you can do to make sure you’re on the right track. Let’s go over a few of the basics.

Make payments on time

One of the most important things you can do to improve your credit score is to make all your payments on time. Payment history makes up 35 percent of your credit score, so it’s essential to keep track of due dates and pay at least the minimum amount due on time, every time. You can set up automatic payments through your bank or credit card issuer to make sure you never miss a payment.

Keep credit card balances low

If you’re using a credit card, it’s important to keep your balance low. This means that you’re not borrowing more money than you can afford to pay back. Keeping your balances low will also help you avoid paying interest on your credit card balance.

Monitor your credit report for changes

Monitor your credit report for changes
You’re entitled to one free copy of your credit report every 12 months from each of the three nationwide credit reporting companies. Order online from, the only authorized website for free credit reports, or call 1-877-322-8228. You will need to provide your name, address, social security number, and date of birth to verify your identity.

Checking your own credit report will not hurt your credit score.

Tip: Reviewing your credit report periodically can help you catch signs of identity theft early.

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