Idk, doesn’t seem like magic to me. Just pay your bills. Grow your existing credit cards. Spend responsibly. Keep below 30% utilization of credit limit of each card and overall.
Start early (when you are 18) and by the time you actually need to use it (car or mortgage products). Then you will be gucci.
It’s a shame basic financial literacy is not taught in schools.
My dad told me to never use credit, never even get credit cards, pay for everything in cash. If I didn't do my own research and start building my credit score when I moved out at 21, I would probably not be living in my own house at the moment
I could be wrong about these but my wife and I already own our place so we aren't concerned with credit anymore. From what I understand...
You have to have the right amount of credit. Don't have more than a certain percentage of your income.
Spend on your credit cards, always make the minimum payment. I've heard that floating a small balance for a few months is actually better for your credit score, because the companies want to see you pay interest.
Don't have multiple small/store cards.
IIRC taking out a loan and making regular payments on it is good for your credit... As is having an open line of credit?
Etc.
Basically the majority of what the companies are trying to get out to do is the opposite of what you want to do.