Tips for establishing credit
Open a bank account and use it responsibly. This is the first step in establishing a financial history.
Get a co-signer. A good way to establish credit is to piggy-back on to someone who already has a good credit history established and is willing to co-sign, but be aware that any default of credit on your part affects the credit of the co-signer.
Secured credit card. Apply for a credit card. Shop around and only apply for a card if you can meet the lender’s requirements. Responsible use will help you build a good credit history.
Department store and gasoline credit cards. Since gasoline credit cards are not revolving (cannot carry a balance forward month-to-month), often they are easier to obtain than regular credit cards. Similarly, some department stores offer revolving credit for a specific purchase and this is sometimes easier to obtain. It is also a great way to establish credit.