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What determines your credit score? What can I do?


What factors into your credit score? Do things other than credit cards factor in, such as checking and savings account information?

I am young, 21, what can I do now to start to build up my credit score? Should I be using my charge card to pay for things instead of cash or my debit card?

Your credit history and score reflects hundreds of parameters in one's financial history.

- The way you pay your bills, timeliness, paid in full, the minimum, etc.

- How much of the credit & loans already extended to you are you using? If you are using most or all of the credit extended to you, future creditors won't like it.

What you could do to build your credit is get a couple of good credit cards, a Master Card, Visa, Discover, etc., use them, a little and pay them off IN FULL EACH month.

For more information on wat affects your credit go to http://www.how-is-your-credit.info/...
The things that determine your credit score are length of credit history, a history of paying your bills on time, and the credit to limit ratio. The best way to increase your score is to use your card every month but pay it off in full. That way you avoid getting yourself into debt. Your checking and savings account information does not go on your credit score.
The earlier you open a bank account and get a credit card, the better your credit score. From http://acreditlibrary.com/improvecredit....
In addition of your credit cards and other credit systems your earnings are taken in account for your credit score.
The most important thing is to use your credit wisely.
Always pay your bills on time and if possible make full payments so you dont need to pay interest.
Yes, use your card instead of cash if possible but keep the cash so you can pay your card.
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