Building credit

I’m looking for advice on the best way to build credit. About 10 years ago I filed for bankruptcy, and I haven’t done anything to rebuild my credit since. I have a good-sized, stable income now.

What’s the best place to start? Should I look into secured credit cards? Any pointers on which are the best or a reliable site where I can do more research on them?

I am in the credit industry, and I highly reccomend this link:

http://www.freddiemac.com/creditsmart/establish_credit/

Do’s:

Open a bank account and use it responsibly. This is the first step in establishing a financial history.

If you have services in your name (telephone, gas or electric), make sure you pay them in full and on time.

Apply for a credit card. Shop around and only apply for a card if you can meet the lender’s requirements. Responsible use (spending within your budget and paying your bill on time) will help you build a good credit history. If you have been denied a credit card in the past, you may want to consider a “secured” credit card. A secured card is often considered a “first step” for those with little or no credit history.
A deposit is required and the spending limit on the card is usually equal to the amount of the deposit. The secured card can be used in the same way as a credit card with the same convenience and payment flexibility.

Consider applying for and using a credit card offered by gasoline companies and retail stores. These typically have low credit limits and if you are spending responsibly, you can pay them off each month.

Always pay any loans and credit accounts on time each month. Be sure to always pay at least the minimum amount due.

Review your credit report carefully, at least annually, to make sure it’s accurate.