[Drew]

[quote="philadelphia killing mach":e4ab6]seriously , if you want a quick way to build up credit do this:

1. get a sears card (yeah the interest in out the ass)
2. buy something big with it (any major appliance ie washer dryer, but not small electronics ie. dvd player) basically anything totalling over 300.00 and having continued value over a five year period
3. pay it off complete


takes time but builds credit. if you're young (18-25) you're allready screwed, sorry. having a credit card means nothing today to financial loaners, everyone has one and americans are known to abuse them saddly.[/quote:e4ab6]

oOo:

Size of purchase and/or money changing hands has absolutely nothing to do with your credit score. Maybe if you purchased a 60" HDTV for $3,000 and financed it without a revolving line of credit, it would do something. But if you get a Sears card it works on your credit the same way as anything else.

Remember.. size of purchase doesn't matter. All that matters is that your account remains active (at some point during every month your card should carry a balance, but you should pay it off before the end of the month) and that you pay on time.