Three Smart Steps to Build and Improve Credit

Steps To Improve Credit

Millennials make up a significant portion of Americans that are Credit Invisible or Credit Unscorable – those with no or low credit scores. That’s 80 percent of 18-19-year old’s and 40 percent of 20-24-year old’s that fit into these categories. Those are statistics that can’t be ignored.

Those who are among the credit invisible group are vulnerable to predatory lending and face significant challenges in accessing most mainstream credit markets. To avoid being among the credit invisible for long, it’s never too early to start building and improving that credit score now. With 15 percent of your score based on your credit history, it’s important to take action today.

Here are three smart steps to take to build credit—so you can live a life by design, not by chance!

1) Use rental payment history services to improve your credit score. Rent payment history is becoming an important part of calculating credit scores. Proactively reporting monthly rent payments to the major credit bureaus enables you to build and boost your credit score. RentReporters is helping renters build and improve their credit scores by reporting their on time rent payments to TransUnion, one of the three major credit bureaus.

View Credit Score on CreditSesame

2) Become an authorized user on your parents or spouse’s credit cards – if they have good credit. Being an authorized user and paying those debts on time adds positive credit history to your own credit files, even before you can qualify for your own card. And when you can get your own credit card, use it responsibly. Beware of applying for multiple credit cards especially in a short period of time. Each of the related ‘hard inquiries’ can hurt your credit score and if you could also be seen as a risky borrower.

3) Pay your bills on time. Thirty-five percent of your credit score is based on your payment history, and late payments can hurt your score. It’s easy to solve this by setting up auto payments and reminders so that you don’t ever miss a payment. You need to treat your rent just like any other bill – it needs to be paid on time. If you don’t pay your rent or if you’re late with your payments, your landlord can report you to the credit bureaus.

Want to know your credit score in under 5 minutes? View Your Credit Score and Report. Unlimited Access. FREE with Credit Sesame

Mark DaBell

Mark DaBell

Mark DaBell is president of RentReporters, a leading rental history reporting company. He began his career at Deloitte and joined CCG, a technology driven tax credit screening firm, where he served as president. Most recently he served as president of HigherUp, an innovative HR analytics provider to small businesses. Mark has built a career around his passion for helping others succeed, and with RentReporters – his attention shifts from businesses to consumers. For more information visit
Mark DaBell

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Some of the links in this post are from our sponsors, but all opinions are my own.


  1. Great article, I was recommended by a friend to ­when i had a low credit, he is g­ood his services are ­legit and safe  i was­ able to get a very good score in approximately 2 weeks , you can contact him if you need such service it is worth every penny.


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