Verizon wireless contract plan to start credit?
I'm 20 yrs old and trying to build credit. When I was 18 I got a credit card, basically maxed it out and then payed it off but let the balance sit for a while but less then three months or so. My credit score from Experian said I'm at no credit so I recently got got qualified for a plan with Verizon so I went ahead and got an iPhone. Going to be paying about $100 dollars a month for two years unless I pay off my phone sooner which will reduce my monthly deal to about $65. My question is, how effective is this? Main reason I did it was so boost my credit. If this isn't an ideal way to do so, what are some better ways?