re: Best way to build credit?

You'll rebuild it fast as long as you don't frick up more.

Its on your record for seven years but it starts to fade dramatically in importance after it is two years off. Thats not to say you will have 750+ in three years, but it won't be in the range that will stop you from getting a mortgage at a reasonable rate or credit card with a decent limit.

The most important thing to do is to not close whatever LOCs you still have.

They are your most valued asset in rebuilding credit. If you don't already have credit, you can't build credit.

If you already closed everything, your only chance is to open a secured credit card, which would require a deposit of cash to serve as collateral against your limit.