The problem: The best way to build your credit score is to make regular payments on your credit card — and often you can’t get a credit card until you already have a good credit score. Become an authorized userThe fastest and easiest way to build your credit score — if it’s an option for you — is for a family member or friend with a good credit to add you as an authorized user to their credit card. Once a cardholder adds you to their account, you’ll get your own credit card, earn rewards (if applicable) and get credit for on-time payments and a credit utilization ratio. Get a secured credit cardIf you don’t have any of the loans listed here or find you need another option for building credit, a credit card is still an option. Specifically designed for those just getting started building credit, secured credit cards use a deposit as collateral to reduce risk, so even those with poor credit can qualify.

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Persons: Emily Sherman, ”, Emily Irwin, Wells, Irwin, you’ll, doesn’t, it’ll, Freddie Huynh, isn’t, Huynh, Kenneth Chavis, You’re, “ Organizations: Debt, Experian, Versant Capital Management, Digital Federal Credit Union Locations: Wells Fargo, Minneapolis, It’s, Phoenix