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Credit is all important to this day and age, whether you are just out of high school, or in your retirement years, you can always build your credit up. Regardless of age, it is important to have a good credit score, and will help you in getting credit cards with low interest rates, to buying a new home, or other purchases.

To begin with, if you do not already do this, make a budget, of your current net income, and outgoing expenses.

Be informed on how to cut cost on everything, and begin saving as much as you possibly can. Only after you have yourself in a set and workable budget can you even begin to consider getting credit.

Next off you should go to a free credit reporting agency such as Equifax, to see your current credit score, this is important even if you had no credit before, as this will give you an idea of where you stand in the eye's of the credit industry, and more importantly, will tell you if there our some outstanding debts that you didn't know about, or that may not even belong to you. If there is a discrepancy file all paperwork and forms with the alleged creditor (the person that say's you owe them.) to clear it up, as soon as possible.

Next you will want to open a checking and savings account, or if you already have one keep it balanced and do not let any checks bounce, and keep as much in your savings as possible. Begin putting at least 10% of your weekly income into your savings account on top of what you already put in for the next two years. Use the 10% then to take out a certificate of deposit or C.D.

A C.D. is a loan you make to the bank, in which you promise to keep a certain amount in the loan, for the bank to pay out to others, the agreement can be for 6 months to twenty years, and they pay you interest that is compounded daily, weekly, monthly or even yearly, of which is higher then you would receive in a savings account. Agree to a C.D. that can be used to get a secure credit card. The C.D. will be used as good faith collateral, and can fit any budget, as they range from $2,500 to in the millions.

Keep up on paying the credit card balance and in time you will be offered unsecured credit cards of higher balances and lower interest rates. My personal rule is to not go over half of the spending limit, for example if you have a $2000 dollar limit, never go over $1000.

Always mix your debt up, that means apply for department store and gasoline cards, as well as bank cards. Keep up on payments on these and

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