If you have been paying rent for a while, as you've indicated, you are well on your way to establishing a good credit score ... especially if you've been responsible about paying your rent on time. The same goes for paying utilities (phone, electric, etc.) or anything else that requires regular payments. Source: http://www.homebuyinginstitute.com read more »

It's true that you need to build up a good to get loans, credit cards, mortgages and other types of financing. If you do you not have any credit and are looking for a way to get started off on the right foot, a credit card is the way to go.

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Understanding how your credit reports work and what they include is a good place to start. This information is used to produce your credit score, and that's what lenders will use (among other things) when considering you for a loan. Source: http://www.homebuyinginstitute.com read more »

Be careful not to confuse reputable credit counseling services with high-cost credit repair services. Unscrupulous credit repair services promise to end your credit woes with claims of "Bad Credit - No Problem!" and "Erase Bad Credit - 100% Guaranteed!" Others claim to be able to remove an adverse public record such as a judgment, lien or personal bankruptcy filing from your credit report. Source: http://www.keystomyhome.org/credit/repairservices/index.asp read more »