Don't have credit? Would you like to improve your credit? Building good credit doesn't have to be difficult, but it does require time and patience. Follow these tips and you're on your way:

• Pay your bills on time.
  Credit scores emphasize your most recent payment record. Paying on time raises your credit score. If you've been late, start paying on time!
• Pay at least the minimum amount required.
  You can always pay more - and it's a good idea if you can afford it. But you should never pay less than the minimum.
• Keep your credit card balances low.
  Don't "max out" your credit cards - that can lower your credit score.
• Don't apply for too many loans or new accounts.
  Applying for a lot of credit in a short period of time may concern lenders that you won't manage your debt well. Only apply for credit when you need it.
• Keep your debt-to-income ratio at 20%.
  Generally, you should not have credit card or other installment debt that's more than 20% of your net monthly income.
• Establish credit if you don't have any.
  Open a free or low-cost checking or savings account and make regular deposits. Only write checks when you have money to pay for things. And apply for one or two credit cards, use them carefully, and pay them off each month.