Ways to build credit

Building credit and maintaining a good credit history are key steps towards building your financial future. At first, credit may seem frustrating — you can't get credit because you’ve never had credit. But there are actions you can take to start establishing a strong credit history.

How to calculate your credit score

Your credit score is one of the most important measures of your creditworthiness, and it’s based on metrics developed by Fair Isaac Corporation (FICO®). The higher your score is, the less risky you are to lenders.

Maintain your good credit

A good credit score is the gateway to achieving your financial goals. Each time you apply for a job, mortgage, or car loan, your credit history is reviewed. Good credit history is often required for services like cable, water, gas and electric, and cell phone service. Plus, potential employers may review your credit report to see how you handle your financial obligations, as it can be an indication of how you would handle job responsibilities.