Credit Question AND Tax Question?

**TAX QUESTION**

Let’s start with the easy question. At my job, if I were to put 2 exemptions on my W4, will I owe money to the state next year? I’m a single female with no children.

**CREDIT QUESTION**

I have nothing on my credit report except for an unpaid medical bill (long story). I want to establish my credit without screwing myself over and going into debt. I’m responsible with my money, but I don’t want to have to worry about insufficient credit when I go to buy a home or a car. I have my name on a lease, but not on any bills except my phone bill. I have well established accounts at the bank and have never overdrawn anything. I have applied for credit cards, but I was rejected due to insufficient credit.

I work at a bank and I was told by our loan officer that I can get a secured credit card through my savings account. With a balance of $750, they’ll freeze that amount and give me a $500 credit card. She told me to use it and pay more than the minimum payment but leave a balance. After 3 months, it will look good on my credit and after 6 months, it will look great, according to her. Then, she says I can get a credit card at a department store to maintain my credit while I’m in college. Does this sound like a good idea or is there a catch that she isn’t telling me? I’d only use it for gas each month, so I wouldn’t spend more than $200 on it monthly.

I also have student loans but I don’t have to pay them off until after I graduate. Once I start making those payments regularly, will that help my credit as well?

Sorry if these are stupid questions, but I don’t know much about this stuff.