How do I build credit?

I would suggest checking out the answers on the following sites:

The 4 keys to great credit - MSN Money

9 ways to build a killer credit score -- MSN Money

Build Credit - How to Build Credit - Why it is Important to Build Credit

Here is part of an answer from the site on the bottom above.

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Ways to Build Credit

It is actually pretty easy to build credit. Try one of the following ideas:

Ask your bank or credit union about a secured credit card. You can make a deposit to your account and have a credit limit in the amount of your deposit. The bank takes little risk and you build credit slowly.

Use a co-signer on your first few credit accounts. Lenders will consider the co-signer's existing credit. The co-signer essentially 'vouches' for you while you build credit. Note that this is a big responsibility – you can cause major headaches for the co-signer if you don't pay as agreed (see our page on How Co-Signing Works for details).

Use retailer programs for modestly large purchases like furniture. For example, you may buy a television on the “$40/Month Payment Plan”. Gas station cards may work as well.

These programs can be easier to qualify for and they certainly help you build credit. Be sure that the retailer will report your loan to the major credit reporting companies.

Get a credit card with any reputable institution that will give you one. Again, you have to make sure they'll report your timely payments to the credit reporting companies. Of course, you have to always pay at least the minimum before the due date.

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