"Get a new PlayStation 3 Slim for $199.99"

[Euphoria14]

Khuutra said:

Euphoria14 said:

I always found the best way to build up my credit was to apply for a credit card, buy something for around $300, then pay around $50/month for the next 6 months+ (interest).

I am fairly certain that a 1-time payoff doesn't help your credit as much as a 6+ month period of consistent payment equal to or above the minimum required.

I know I did it like this when I was 18 and when I was 21 I bought my first car on my own and my credit was very high (Around 750+) and my interest rate on my loan was only like 5.5%.

I still get pre-approved credit card applications in the mail regularly.

Well it's definitely an idea...

Of course it is. If you can get approved I don't see why you shouldn't.

It may suck at times, but keeping a credit card bill coming every month and making sure you pay the mininum or above that, on time of course, will help your credit score out. I have always made sure I had at least (1) credit card active, as I only have (1) now. I believe I have just paid it off so I need to buy something (Demon's Souls Deluxe Edition) and I will pay maybe $10 or so towards it for like a year. It sounds dumb, but it actually works wonders.

Same applies to car loan payments, mortgage payments, etc...