A friend of mine just told me about a strategy she's using to build her credit. She and her parents needed to buy a car for her to get to and from school, and they had enough cash to get a fairly nice one. Instead of paying the dealer directly, however, they put the money in a savings account and took out a loan in her name. In essence, the car is already paid for, but she gets to build her credit by paying down the loan. I am definitely going to do that when I buy a car of my own.