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melaniiee

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i have no credit is that bad credit? how can i build up my credit?

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Well, lets just say no credit isn't the same as having good credit.  The simplest guide to building good credit:

Obtain 1 to 3 major credit cards (Visa, MasterCard, Discover or American Express).  Give them at least a little usage to keep them active and reporting, always pay on time, never miss a payment, and keep your balances LOW (even using 40% of your credit limit hurts your scores compared to 5% or 10%).  

Don't let any bills, even medical bills or utilities, become collections accounts.  If you get a letter from a collection agency take care of it immediately BEFORE it reports to the credit bureaus.  Collections are BAD and they hurt for 7 years, even if you've paid them.

If you have all the above, a good payment history with a car loan or a mortgage can give a nice boost to your credit profile.  The basics are really fairly simple.  Other than time (your score increases the longer  you have maintained a perfect history of regular on-time payments), the rest is mostly just tweaking and optimizing.

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