Excellent credit isn鈥檛 as exclusive a club as you might think, as about have it. There aren鈥檛 any capacity limits either, so there鈥檚 no reason why you can鈥檛 solidify your membership in 2013. A higher credit score can mean lower rates on everything from car loans and mortgages to insurance.
Credit cards are the most efficient credit-building tools since they relay information to your credit reports on a monthly basis, and you can ensure the information is positive by making payments on time and maximizing your available credit.
Secured credit cards are a great option for people who are either just starting out or who have had difficulties in the past because they require a refundable security deposit. That deposit acts as your spending limit, precluding the need for issuers to charge high fees to offset risk.
