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Ways to build credit
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Which of the following cannot help you build credit from scratch?


Because a pre-paid credit card is not actually a credit card—it just has a balance on it you've already paid for with cash—it can't improve your credit.

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What is considered a "good" credit score?


Lenders could see anything below 650 as a risky bet.

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Key Takeaways

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Improving your credit has all kinds of benefits, from lower rates on borrowing to getting approved for a rental apartment. Here are a few things to keep in mind as you work to get your credit where you want it to be.

  • Pay your bills on time, especially your credit card and loan payments—payment history accounts for over a third of your credit score
  • Try to keep your credit card balances at or below 30% of your maximum available credit
  • You can check your credit report for free once a year
  • Keep your debt-to-credit ratio as low as you can
  • Check your credit report for free every year with Equifax, Experian, or TransUnion
  • Contact a credit bureau to correct any mistakes in your report
  • Keep in mind when you’re thinking about co-signing on a loan, the responsibility is as much yours as the other person’s